Second-hand EV sales double in last quarter, so what’s driving used demand as new electric sales falter? A spike in demand for used EVs has been reported by the Society of Motor Manufacturers and Traders, which says the number of pre-owned battery electric vehicles (BEVs) changing hands doubled in the third quarter of this year. A rise of 99.9
September saw an end to a year of plunging EV values – experts say it could be a ‘turning point’ for prices Demand is showing signs of recovery because prices are now so low that they’ve become more affordable These are the year-old EVs that are cheaper than their petrol equivalents. Five used EV buying
In 1913, Henry Ford’s moving assembly line transformed carmaking. Ford’s groundbreaking innovation drastically reduced the time it took to assemble a car, enabling mass production and slashing vehicle prices. More than a century later, carmaking is undergoing a similarly seismic shift. Only this time, Ford Motor Company (F) is scrambling to catch up, rather than
Electric vehicles (EVs) are gaining popularity as car manufacturers strive to make them more affordable and accessible. The emergence of mid-range EVs such as the Chevrolet Bolt EV, Nissan Leaf, Hyundai Kona Electric, and Tesla Model 3 has lowered the prices on entry-level models. This trend raises the question of whether EVs will become more
A motoring expert has highlighted how easy it was to make the transition from a petrol-powered car to an EV. An automotive YouTuber has revealed his thoughts on a popular electric vehicle, stating that it offers good value for money. Paul runs the channel Life of Cars, and regularly posts videos in which he reviews a variety of cars and
As 2023 progresses, the electric car market continues to grow and evolve. More zero-emission options are available than ever before as brands continue their efforts to swap fossil-fuel cars for battery-powered alternatives. EV sales are still steadily growing, with 176,000 new electric cars cars finding homes in the first seven months of this year – a
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
Electric vehicles are increasing in popularity but with the price of energy high, is it still cheaper to run an electric car than it is a petrol or diesel one? Here we weigh up the cost of going green. By 2030, the sale of new petrol and diesel cars is to be banned in the
Electric cars are more expensive to buy than their petrol counterparts, but are they actually cheaper to run? We explain all One of the biggest appeals of electric cars – other than the inherent environmental benefits – are significantly reduced running costs. Over the last decade, there have been several reports stating EVs are ‘completely
It’s been estimated that today is when EVs are ‘free to drive’ compared to petrols Calculation is based on the cost to cover average annual mileage of 7,400 miles That’s because 1 August marks the date when the cost of filling up a petrol car surpasses the electricity bills to charge an EV for the
