Sales of used electric cars reach record market share

Sales of used electric cars reach record market share
Share:
Sales of used electric cars reach record market share
Author: Neil Lancefield
Published: Feb, 10 2025 11:26

Summary at a Glance

Sales of used electric cars reach record market share Sales of pure electric used cars reached a record market share last year, new figures show.

James Wilson, chief operating officer of used car marketplace Motorway.co.uk, said: “It’s promising to see another year of growth for the used car market.

SMMT chief executive Mike Hawes said: “The used car sector’s 25-month growth streak is good news for fleet renewal and for consumers benefiting from the greater choice filtering through from the new market.

James Hosking, managing director of AA Cars, said: “The used car market is on a roll, celebrating its eighth consecutive quarter of growth and record demand for pre-loved EVs.

“Ensuring ongoing growth, however, means maintaining that affordability, along with supply, which requires meaningful fiscal incentives to stimulate consumer demand for new EVs and removing the VED expensive car tax disincentive that risks dragging down used EV affordability for years to come.”.

Share:

More for You

Top Followed