The UK’s used electric vehicle (EV) market is experiencing unprecedented growth as more drivers seek cost-effective alternatives to petrol and diesel cars. Recent data from the Society of Motor Manufacturers and Traders (SMMT) reveals that 188,000 used EVs changed hands in 2024, marking a significant increase from the previous year and accounting for 2.5% of total used car sales. This surge reflects a growing shift in consumer preferences amid rising fuel costs and evolving automotive policies.
The overall used car market in the UK remained robust in 2024, with total sales reaching 7.6 million vehicles—an increase from 7.2 million in 2023. While petrol and diesel cars continued to dominate, comprising 92.1% of total used vehicle sales, their market share declined from 94.3% the…
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