Used electric car sales almost doubled in 2023, increasing by 90.9% to a new record number of 118,973 vehicles. The increase represented a growth in market share from 0.9% in 2022, to 1.6% in 2023, according to market statistics gathered by the Society of Motor Manufacturers and Traders.
The SMMT is pushing government to increase adoption of electric vehicles still further, by providing further fiscal incentives.
“A healthy new car market is key to driving choice in the used sector and it’s great to see record numbers of second and third owners benefitting from the growing availability of electric vehicles,” said Mike Hawes, chief executive of the SMMT. “To sustain demand we must enable every motorist to make the switch. The upcoming Budget is a prime opportunity for government to do just that – halving VAT on new EVs, while making public charging as easy and affordable as plugging in at home, would ensure a faster and fairer transition for all, giving the UK a green economic boost.”
The second hand electric car market is set to increase, with more vehicles at affordable prices, as vehicles which were leased new to corporate users come off their leases, typically at three or four years old, and are sold into the market. And there is a wider selection of less expensive new electric vehicles coming into the market, from an ever wider range of Chinese manufacturers including Bid, MG and Ora.
Whatever new electric vehicle you choose, The Full EV can install 7kw smart home chargers, and 22kw three phase workplace chargers, to ensure your transition to electric driving is as simple as possible. Need a charger? Inquire now with this simple form
