According to ShoreHam Vehicle Auctions, the United Kingdom has found itself at a “tipping point of acceptance" for used electric vehicles.
It has said that EV used prices and demand continues to grow based on greater dealer and consumer knowledge of the benefits associated with emission-free and low emission motoring.
An increase in dealer confidence around selling EVs has transmitted to the consumers, who are becoming more comfortable with buying a zero-emission vehicle.
SVA’s Managing Director Alex Wright said: “EVs need a used market that is alive and prospering.
“That’s why we have seen greater acceptance during 2018 and into 2019 that has boosted residuals.
“Companies have worked hard on education, including the SVA team’s training courses run in partnership with the Energy Saving Trust.
“Leasing companies and finance companies can now underwrite EVs confident of a vehicle’s value in three-to-four years’ time which makes monthly rentals more competitive for companies and drivers alike.
“The next step is for the charging infrastructure to respond to market needs and provide a more reliable joined-up network of chargers across the country.”
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