Used electric vehicle values are starting to get the attention they need. Industry commentators are speaking with greater frequency about the issues being presented by the nascent market and speculating what action can be taken. An example was when Reuters recently laid the challenges bare, investigating EV adoption to date and the role that the leasing sector is playing in bringing such vehicles to market.
The article showed how a turbulent used market for BEVs puts the health of the new BEV market at risk. This was a topic covered by the BBC recently too. The BVRLA’s head of policy and public affairs, Thomas McLennan joined the World Business Report (BBC) to discuss the challenges being faced by members because of the volatility being seen in the used BEV market.
Future vehicle values impact every member and their customers. 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 next 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 and the Association of British Insurers are among the speakers that 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.
