August 13

EVs drive used car boom

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In the second quarter of 2024, the UK used car market grew by 7.2%, marking the sixth consecutive quarter of growth.

Sales of used battery electric vehicles (BEVs) increased by 52.6%, reaching a market share of 2.4%.

First half-year transactions rose by 6.8% compared to the previous year, with a total of 3,931,318 units sold.

Plug-in hybrids and hybrids also saw increases in sales.

Petrol and diesel cars still make up 92.4% of the market, although their share has decreased from last year.

The Society of Motor Manufacturers and Traders (SMMT) noted the importance of supporting the transition to electric vehicles (EVs) through reliable charging infrastructure and incentives.

Mike Hawes, SMMT Chief Executive, said: “The increased supply of EVs to second and third owners is helping more motorists make the switch – underlining the importance of energising the new EV market to support a fair transition for all.

“Maintaining momentum requires reliable, affordable and green EV charging up and down the country and incentives to get all of Britain on board the net zero transition.”

The post EVs drive used car boom appeared first on Energy Live News.

The post EVs drive used car boom appeared first on Energy News Beat.

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​Energy News Beat 


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