Used electric vehicle (EV) sales soared in Q2 2023 by 81.8% year-on-year (YOY), research by the Society of Motor Manufacturers and Traders (SMMT) has revealed.
This means that used EV sales accounted for a record 1.7% market share and is up by 1% YOY. In total, 30,645 EVs changed hands in Q2 2023.
SMMT also stated that the rising proportion of EVs meant that market share for conventionally powered cars marginally fell to 94.3% from 95.7% last year, even though volumes of petrol and diesel cars saw growth of 2.5% and 2.8% respectively.
Mike Hawes, chief executive of SMMT, said: “It’s great to see a recharged new car sector supporting demand for used cars and, in particular, helping more people to get behind the wheel of an electric vehicle.
“Meeting the undoubted appetite for pre-owned EVs will depend on sustaining a buoyant new car market and on the provision of accessible, reliable charging infrastructure powered by affordable, green energy. This, in turn, will allow more people to drive zero at a price point suited to them, helping accelerate delivery of our environmental goals.”
These statistics for second-hand EV sales come as Octopus EV, part of Octopus Energy Group, recently committed to offer a second-hand salary sacrifice scheme for EVs in a bid to spur growth.
Read more: Current+
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