Gross sales of latest battery electrical automobiles (BEVs) elevated dramatically within the first quarter of 2022 within the UK. However, maybe extra curiously, second-hand EVs are additionally being offered in elevated numbers.

In response to new knowledge printed by the UK’s Society of Motor Producers and Merchants (SMMT), second-hand EV gross sales doubled in the identical quarter a yr in the past.

The auto physique additionally famous that gross sales of used vehicles are growing throughout the first quarter of 2022. That is after two consecutive quarters of decline.

As Mike Hayes, chief govt of SMMT, explains, “That is considerably shocking provided that the UK was in the midst of a lockdown throughout the first three months of 2021.”

However, he says, 5.1% development in that interval is welcome information for the trade.

Automobile house owners shifting on to a different EV

Of even larger significance, nonetheless, was the variety of electrical automobiles which might be beginning to filter by way of to their second house owners.

Gross sales of second-hand battery-electric vehicles grew 120 per cent within the first quarter of 2022, and plug-in hybrids (PHEVs) and hybrids additionally noticed development of 35.3% and 28.8%, respectively.

Nonetheless, the precise quantity continues to be low. Of the 1.78 million used vehicles offered throughout this era, plug-in automobiles accounted for less than 3.6 p.c. However it’s up from 1.6 p.c in the identical interval in 2021.

This quantity – about 64,000 automobiles – consists of each battery-electric and plug-in hybrid automobiles. Full battery electrical car gross sales elevated from 6,625 to 14,586.

“With the brand new automotive market being constrained by the continued world provide crunch, development within the used automotive market is welcome, particularly if we had been in lockdown final yr and it isn’t shocking,” Haus stated.

“Gross sales of electrical vehicles are energizing the market, with zero-emissions automobiles driving a lot of shoppers hoping to drive the newest and greener automobiles.

“Whereas the used market has some technique to go earlier than we see the current development in new EVs, a buoyant new automotive market shall be crucial to serving to drive fleet renewals which might be important to the supply of carbon financial savings. Is.”

Many elements of this information are stunning. The return to development within the used automotive market is just not the least. That is within the midst of a battle between the worldwide automotive sector with provide chain constraints. With renewed COVID-19 troubles in China and Russia’s unprovoked invasion of Ukraine, there’s demand for used vehicles.

Likewise, nonetheless, the rise in secondhand BEVs marks the start of maturity on this sector. BEV house owners shifting on to their second or third electrified car. That, in flip, develops the pool for second-hand and third-hand EVs and hybrids.



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