US EditionEVs take record share of used car market
Electric cars now make up 4.0% of used car sales in the UK, with 80,614 sold last quarter despite government tax plans that may slow growth.
- In the three months to the end of September, 2,021,265 used car transactions were recorded in the United Kingdom, with pure electric models reaching a 4.0% market share, up from 2.8% last year.
- Figures from the Society of Motor Manufacturers and Traders show 80,614 pure battery electric cars were sold between July and September, driving rising consumer preference for electric vehicles.
- SMMT chief executive Mike Hawes warned tax on vehicles from Employee Car Ownership Schemes could hamper electric motoring, adding that a robust used EV market is essential for fleet renewal.
- Chancellor Rachel Reeves is reportedly considering a 3p per mile charge on electric car drivers from 2028, potentially affecting six million drivers and costing around £12 for a London–Edinburgh trip.
- The policy is expected to close Employee Car Ownership Schemes, risking consumer choice, affordability, and decarbonisation while stifling supply and cutting Exchequer revenue.
19 Articles
19 Articles
Britain's used car market grows for 11th straight quarter, EV sales hit record
LONDON, Nov. 10 (Xinhua) -- Britain's used car market expanded for the 11th consecutive quarter between July and September, with battery electric vehicle (BEV) sales hitting record levels, the Society of Motor Manufacturers and Traders (SMMT) said Monday. Read full story
Evening Standard
EVs take record share of used car market
One in 25 used car buyers are choosing an EV.
Used electric vehicle sales drive third quarter growth
Used electric vehicle sales grew faster than any other fuel type in the third quarter of the year, according to new data from the Society of Motor Manufacturers and Traders […] The post Used electric vehicle sales drive third quarter growth first appeared on Bodyshop Magazine.
Dealers who say EVs are sector’s biggest challenge down by a third
EVs in the new and used market and electrification are gaining traction with UK dealers, according to new research. The number of dealers who say the arrival of electric vehicles (EVs) is the biggest challenge facing the used car sector has fallen by a third in the last 12 months. November’s Startline Used Car Tracker shows the percentage who perceive electrification as an issue has fallen from 54% to 37%. The research also indicates dealer enth…
Used EV market enjoys record uptake to take 4.0% market share
The UK’s used car market grew by 2.8% in the third quarter to reach more than two million (2,021,265) transactions, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).It was the best third quarter since 2021, and marks an 11-quarter growth streak, driven by recovery in the new car market enabling a healthy supply of stock.Petrol remained the best-selling fuel type in the quarter, with transactions …
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