Used electric car sales soar ahead of petrol and diesel ban

Revenue of 2nd-hand electric powered automobiles more than doubled in 2021 as drivers switched to battery-driven types forward of a govt ban on petrol and diesel.

2nd-hand electric car or truck profits rose 119computer past yr as opposed with 2020, according to the Modern society of Motor Brands and Traders (SMMT), even though revenue of plug-in hybrid vehicles jumped 75computer. It will come subsequent a slump in income for the duration of 2020 when rigorous lockdowns and vacation restrictions intended there were much less motorists on the street.

Overall, gross sales of employed vehicles, which includes petrol and diesel, grew by 12laptop to 7.5m in 2021, making up a great deal of the ground shed for the duration of the pandemic. However, income are nevertheless 5.5laptop lessen than the pre-pandemic common.

Mike Hawes, chief government of the SMMT, explained, “It’s very good to see the employed car or truck market return to expansion, even if exercise is nevertheless beneath where we ended up pre-pandemic.”

The Authorities has banned the sale of new petrol and diesel automobiles by 2030 as component of its £12bn environmentally friendly industrial method, with the sale of new hybrid automobiles blocked by 2035.

Even so, the charge of electrical autos and absence of charging factors on Britain’s roadways have held back again a lot of would-be consumers from building the change. In spite of the considerable expansion in product sales of made use of electric powered and hybrid styles, they continue to account for considerably less than 4computer of the 2nd-hand motor vehicle marketplace.

Utilised motor vehicle gross sales fell by 3.1computer to just in excess of 1.6m in the course of the final 3 months of 2021, the SMMT mentioned, as semiconductor shortages plaguing the new vehicle market place squeezed source of utilised cars. 

It compares with the period of time from April to June when 2.1m transactions were being recorded, the best 2nd quarter on report, as the motorists emerged from renewed lockdowns. 

Might was the busiest thirty day period, with 769,782 cars changing palms. The Ford Fiesta retained its position as the best-advertising employed motor vehicle in 2021, adopted by the Vauxhall Corsa and the Ford Target.