Used-EV sales soar by 44 per cent in third quarter of year

The sales of used battery electric vehicles grew faster than any other powertrain in the third quarter of the year – up 44.4% to 80,614 units, according to data from the Society of Motor Manufacturers and Traders (SMMT). This marks a record market share of 4.0% for battery electric vehicles.

Hybrid electric vehicle (HEV) transactions rose by 30.0% to 107,727 units, increasing market share to 5.3%, while plug-in hybrid (PHEV) sales also grew, by 2.0% to 23,480 units, comprising 1.2% of the market. 

Petrol remained the best-selling fuel type in the quarter, with transactions rising 1.9% to 1,145,148 units, while diesel fell -2.8% to 658,664 units. 

Overall the UK’s used car market grew by 2.8% in the third quarter, making it the best third quarter since 2021, and marks an 11-quarter growth streak.

Mike Hawes, SMMT chief executive said: "With used EV uptake at a record high, a robust used car market is essential for fleet renewal, and helps make electrified mobility more accessible for more motorists. However, overall consumer choice and affordability are at risk if the government scraps Employee Car Ownership Schemes, a move that would stifle supply of the very latest vehicles into the used market and cut Exchequer revenue. Britain needs fiscal policy that promotes rather than prevents economic growth, social mobility and decarbonisation."