The market for used EVs is growing
The demand for used electric vehicles (EVs) is steadily increasing due to low prices and easy availability. In the UK alone, sales growth has almost doubled this year. News The Independent.
According to data from the Society of Motor Manufacturers and Traders (SMMT), the car dealers' organization, 119,000 used cars were sold in the UK in 2023. In total, it has increased by 90.9 percent in the last 12 months.
EV's share in the used car market last year was 1.6 percent. In 2022, this share was 10.9 percent. That is, the car transfer rate has almost doubled.
According to SMMT, the demand for zero emission vehicles in 2023 will increase significantly compared to before. During this time, the overall sales of used cars increased by 5.1 percent. 72 lakh cars were sold last year compared to 69 lakh cars in 2022.
Ford Fiesta was at the peak of popularity among used cars this year. More than 3 lakh 8 thousand cars of this brand have been sold.
