Rise in Used BEV Sales Reflects Growing Demand for Electric Vehicles
The shift towards electric vehicles (EVs) is gaining momentum in the UK, with a significant increase in the sales of used battery electric vehicles (BEVs) in the first quarter of this year. According to the Society of Motor Manufacturers and Traders (SMMT), sales of used BEVs surged by 71% to 41,505, marking a new record market share of 2.1%.
The rise in popularity of BEVs in the second-hand market is a clear indication of consumers’ growing interest in electric vehicles. Hybrids and plug-in hybrids also saw substantial growth, reflecting a shift towards more environmentally friendly and cost-effective transportation options.
As more zero-emission cars from company fleets become available in the used car market, consumers have the opportunity to embrace low- and zero-emission models. This trend is further supported by the declining market share of petrol and diesel cars, which dropped by 2% in the same period.
Mike Hawes, SMMT chief executive, emphasized the importance of maintaining a robust supply and demand for EVs to drive the nation’s transition to net zero emissions. Incentivizing new EV uptake and investing in a reliable and accessible charging infrastructure are crucial steps towards achieving this goal.
The growth in the second-hand EV market aligns with the overall progress in the new car sector, with a significant increase in new EV registrations for the 21st consecutive month. However, the forecast for new EV uptake has been revised downwards, highlighting the need for continued efforts to accelerate the adoption of electric vehicles.
Despite the challenges, the future of transport is undoubtedly electric. With government support, grants, and tax measures in place, the UK is well-positioned to lead the transition to zero-emission road transport. The increasing availability of used EVs presents an exciting opportunity for consumers to embrace sustainable mobility and contribute to a greener future.
In conclusion, the surge in used BEV sales and the continued growth of the EV market signal a positive shift towards sustainable transportation in the UK. By investing in EV infrastructure and incentivizing EV adoption, we can pave the way for a cleaner and more sustainable future for generations to come.