Residual values of electric vehicles (EVs) remain volatile. This impacts every member and their customers due to the used market’s symbiotic relationship with the new one. To outline the importance of having a stable market for used EVs, and potential risks if no action is taken, the BVRLA has commissioned an exclusive report by Oxford Economics.
The report will model the used BEV market and price movements through to 2030. It will provide unique insights and examine the impacts on new vehicle lease rates and demand before suggesting potential policy interventions.
Supply of EVs into the used market will only increase in the coming years due to the terms of the ZEV mandate. It is critical that the correct steps are taken now to secure the long-term health of the sector.
To encourage focus and debate on this topic, the BVRLA is hosting the ‘Happy EV After? Unleashing the potential of Used BEVs’ Deep Dive event later this month. It will take place at The Conduit, Central London on Tuesday 17 September.
Expert representatives from Tesla, OZEV, cap hpi, Auto Trader, Oxford Economics, Octopus Electric Vehicles, Drive-Green, Constellation Group and the Association of British Insurers are among the speakers who will shine a light on what is going on and what can be done.
More information and link to book event: Happy EV After? Unleashing the potential of Used BEVs.
