Turbulent prices for Used EVs are one of the biggest concerns shared by BVRLA members. In the latest ‘The Inside Track’ podcast, the BVRLA hears from a specialist EV dealer that has been living and breathing the market since day one.
In the podcast, Richard Norris, MD of Drive-Green discusses what has happened with Used EV prices through 2023 and what next year may have in store. He goes on to share insights on how customer conversations are evolving as buyer motivations and interest in electric vehicles move into a new phase.
The used market is a critical factor in the UK’s successful transition away from petrol and diesel vehicles. New car registrations for EVs have remained strong and continue to grow, but there are substantial concerns over consumer appetite for EVs in their second or third life.
A key barrier is the price, with many waiting for parity with equivalent petrol or diesel models before considering the move. Talking with Adam Forshaw from the BVRLA, Richard analyses where that price parity is already being seen, and what may happen in 2024 to see values become more reliable.
Members can access The Inside Track podcast via all major providers:
