Last year saw record sales in the UK for electric vehicles, with 59,945 EVs registered throughout the year. December saw EVs have a 3.8 percent split of the UK’s market share, with almost 5,500 electric vehicles registered in the last month of the year.
This increase in popularity coincides with the upcoming Government ban on the sale of new petrol and diesel cars in 2030.
While many drivers have confidence that electric cars are the future, there are still concerns about the condition of them in the present day.
The UK’s used car market finished last year slightly down compared to the previous 12 months, with a 2.1 percent difference.
However, one riser in the industry was the sales of hybrid, plug-in hybrid and battery electric cars.
Mike Hawes, Chief Executive of the Society of Motor Manufacturers and Traders (SMMT), spoke of the development.
He said: “It’s encouraging to see more used car buyers snapping up low-emission vehicles as supply grows – but those sales remain low as an overall proportion of the market.
“We still need the right policies and incentives from Government to give new car buyers confidence to choose the cleanest petrol, diesel and electric models that best suit their needs, so that even more drivers can benefit from this exciting technology as it filters down to the used market in the coming years.”
Motorparks, the used Ford dealer, analysed the used car market to see if it was worth it for drivers to buy a second-hand EV.
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New cars are still popular thanks to their constant updates in technology and safety measures, but around 20 percent of a new car’s value is immediately lost when it leaves the forecourt.
This has led to almost three used cars being sold to every new vehicle in the UK.
Another benefit of buying a second-hand car is factory warranties are even longer than they were before, meaning the appeal of a used vehicle is enhanced by its longevity.
For impatient drivers, buying a used car will usually allow them to drive it straight off the forecourt.
“Many of the reasons for going down this route are the same as buying new, including the positive impact these vehicles have on the environment compared to petrol and diesel cars.
“The main stumbling block for the quarter that baulked at purchasing a second-hand EV was due to the price.
“Thanks to new technology advances, experts claim that a battery pack used in an electric car won’t need to be replaced for between 10 and 20 years and can cover around 150,000 miles.
“Obviously, alongside representing good value and high durability, the zero emissions is a huge benefit to buying an electric car — both new or used.
“With a rise in new electric vehicle sales, we will undoubtedly also see an increase in used sales in the run-up to the ban on new petrol and diesel models.”
Read More: Electric cars: 75 percent of drivers would buy a used EV – expert advice