One-year-old electric vehicles (EV) sales vying with diesels for second place in the online used car market

There is growing confidence in second-hand electric cars according to figures from the popular online car supermarket Electric vehicles are (EVs) pushing toward second place as the fuel of choice, especially among sales of one-year-old cars.

Electric vehicles registered in 2020 have been representing up to 27 percent of all one-year-old car sales in recent weeks. BuyaCar says that the confidence its customers are showing in the used EV market is one of the strongest signs yet that full battery-powered cars have crossed the tipping point into becoming a mainstream motoring choice.

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The news comes a week after BuyaCar’s parent company, Autovia, revealed that more new car buyers plan to replace their car with an electric vehicle than any other fuel type.

This news comes as the rapid slowdown in diesel sales continues. This is especially so among cars in the one-to-three-year-old bracket. Here, less than one in four buyers are searching for or buying a diesel.

Interest in used electric cars on BuyaCar has grown fast over the past 12 months, with 14 percent of visitors to the site initially searching for electric cars during November compared to just eight percent during November 2020.

The used car market is generally seen as the acid test for the success of any vehicle type, with less of the marketing focus that helps to drive interest in new cars and more reliance on reputation and consumer trust.

BuyaCar, therefore, sees the performance of used electric vehicles as a more reliable indicator of widespread acceptance than new electric vehicle sales, which are backed by heavy manufacturer and media promotion.

Christofer Lloyd, BuyaCar editor, said: “Consumer acceptance of EVs is certainly picking up pace and there is no better sign of that than how EVs are performing as used cars.

“Only a few years ago there were concerns about whether older batteries would hold their charge sufficiently well to make EVs a confident choice in the used market, but we are regularly delivering electric cars up to six years old.

“Another common assumption was that EVs were destined to be typically a second household vehicle, used mainly as a runabout for local trips and this may be borne out during these early days.

“Our most popular EV is the Nissan Leaf and other firm favourites are the Renault Zoe and the SmartForFour. However, a number of our customers are replacing their main car with an EV and happily spending up to £40,000 to go electric.”

Ian Osborne
Ian Osborne
Editor-in-Chief at ElectricDrives

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