Second-hand electric cars sale double in UK

According to the fresh data released by the Society of Motor Manufacturers and Traders (SMMT), the sale of second-hand electric cars have increased in the United Kingdom to almost 14,600 in the first quarter of 2022 from a mere 6,600 in the first quarter of 2021. This marks an abrupt increase of 120% considering the period.

The demand for zero emissions from the transport sector is rising in the UK and car owners are demanding second-hand electric cars. As per SMMT data, the second hand electric car industry has been great. The key reason assigned to this abrupt rise is that the coronavirus led pandemic restrictions have delayed the delivery of new vehicles. This has forced the drivers to look for second hand cars and electric vehicles remain a top demand among them. An improving and more visible charging network is also reassuring a lot of buyers on the worries regarding range anxiety.

According to the data, many second-hand cars that were lightly used were re-sold many times than anticipated. The electric cars’ supply remains weak even today when the restrictions have eased. Also, the lean supply will stay for some years from here. This is because first owners and commercial buyers will sell their first-hand vehicles after some time.

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Mike Hawes, Chief Executive, SMMT, said, “Electric car sales are energising the market, with zero-emission vehicles starting to filter through in larger numbers to consumers looking forward to driving the latest and greenest vehicles.”

Hawes added, “Although there is some way to go before we see the recent growth in new EVs replicated in the used market, a buoyant new car market will be vital to help drive fleet renewal, which is essential to the delivery of carbon savings.”

The SMMT data also reveals that the overall sales of secondhand cars increased by 5.1 per cent year on year to 1.7 million. But this is still 12 per cent lower than the before pandemic sales. SMMT also held that the UK citizenry wants non fossil fuel based vehicles for a healthy natural environment and the electric cars’ supply will remain weak in the coming times as there might be bans or increased levies on fossil-fuel based vehicles in many cities of the UK.

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