Record market share for second-hand EVs as wider used market clocks third consecutive quarter of growth
Second-hand electric car sales doubled in the third quarter of 2023 to give them a record market share, as the overall used market grew for the third quarter in a row. In the three months from July to September, the share of electric cars on the used market rose from 1.0% to 1.8% year-on-year, with total volumes rising by 99.9% to 34,021 units.
Mike Hawes said: "The used car market continues to grow strongly, with re-energised supply unlocking demand for pre-owned electric vehicles – the result being twice as many motorists switching to zero emission motoring in the quarter. "Maintaining this momentum requires growth in the new car market, to boost supply to the used sector and cement this success.
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