A used fully Battery Electric Vehicle (BEV) will be the choice for 4% and another 8% will seek a used Plug-in Hybrid Electric Vehicle (PHEV). At 12%, as many people will buy a used EV as intend to buy a new one. With the purchase price of a new EV one of the main reasons the majority of non-EV owners have yet to switch to electric, many will turn to the used market when they are ready to plug into electric mobility.
Auto Trader said that the fall in demand for EVs coincides with rising energy prices, petrol and diesel prices softening, and concerns about Government policy over EVs. Chancellor Jeremy Hunt announced last month that new zero-emission cars will no longer be exempt from vehicle excise duty from April 2025.
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