‘Clear Evidence’ of EV breakthrough
- December 16, 2020
- Posted by: Louise Cooke
- Category: Industry News
Electric car sales have claimed their highest ever share of the used market, with interest in the technology reaching historic levels.
BuyaCar found that, after languishing for most of the year at around one in every 100 sales, December has seen EVs taking 15% of market share. This is believed to have been largely inspired by the recent announcement of a ban on the sale of new petrol and diesel models from 2030.
EVs still tend to be significantly more expensive than ICE cars in the new market, but those price premiums are less pronounced among second hand cars, suggesting the used market may be key to the future mass adoption of EVs.
Christofer Lloyd, editor of BuyaCar.co.uk, said: “On every measure of activity on BuyaCar.co.uk, EVs are really gathering pace in the used market. Searches have steadily increased over the past few weeks, to the point where more than one in 10 customers are arriving on our site with an EV in mind as their initial choice. And now we are seeing EVs taking 15% of the market, it is clear that a breakthrough is under way.
“Although the breakthrough for EVs has been forecast many times in recent years we are now seeing hard evidence that it is happening and it will be interesting to see what the EV market share is on BuyaCar.co.uk by the end of 2021.”