In 2024, the Society of Motor Manufacturers and Traders (SMMT) reported that pure used electric cars reached a record market share of 2.5%, up from 1.7% in 2023, amidst overall vehicle sales of 7.6 million. Despite this growth, SMMT warns that demand may not sustain without fiscal incentives, as petrol and diesel cars still dominate with 92.1% of the market. Industry leaders highlight affordability as a significant factor driving consumer choices, with an increasing variety of second-hand electric vehicles available, offering greater options for budget-conscious buyers.
New figures reveal that pure used electric cars captured a record market share of 2.5% in 2024, signaling a growing trend despite affordability concerns.
SMMT warns that increasing demand for electric vehicles cannot be taken for granted, emphasizing the need for fiscal incentives to maintain growth.
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