Electric Vehicles

Used EVs market rises by 37.5%

The best-ever annual performance of used battery electric vehicles (BEVs) was recorded in 2022 with 71,071 units sold - a rise of 37.5%.
February 12, 2023_
James Evison

The best-ever annual performance of used battery electric vehicles (BEVs) was recorded in 2022 with 71,071 units sold – a rise of 37.5%.

The figures from the Society of Motor Manufacturers and Traders (SMMT) came against an overall decline in the used car market of -8.5% with a squeeze on cars entering the used marketplace due to a lack of new vehicles from the global shortage of semiconductors.

BEVs are now 1% of the overall market – up from 0.7% in 2021 – and robust demand for other alternatively fuelled vehicles continued with sales of hybrid electric vehicles (HEVs) rising 8.6% and plug-in hybrid electric vehicle (PHEVs) transactions up 3.6%.

Combined together, EVs represented 4.1% of the market – up from 3.3% in 2021.

Mike Hawes, SMMT Chief Executive, said, “While the market headlines are negative, and reflective of the squeeze on new car supply last year, record electrified vehicle uptake is a bright spot and demonstrates a growing appetite for these models.

“Accelerating uptake is key and will be dependent on drivers being assured of a positive ownership experience. This means ensuring charging infrastructure keeps pace with demand as more new and used car buyers make the switch to zero emission motoring than ever before.”

Related content

Electric Vehicles

Survey warns ‘charging divide’ could hold back fair transition to EVs

A new report by Electric Vehicle Association (EVA) England has found a widening “charging divide” between UK drivers who...
Featured

Carbon Budget plan includes more on clean energy and EV charging

Further detail on clean energy and the role of zero emission vehicles has been outlined in the UK Government's updated C...

Input your search keywords and press enter.

Be the first to know. Subscribe to our newsletter and never miss a story.

Our weekly newsletter delivers a round-up of the top stories from the sectors, along with our insight on the main events that week. Our highly engaged subscribers find our newsletter essential reading as a snapshot of what’s happening.