Let's cover the lead story, uh, which is that it's actually a good time...
It's now actually a good time to buy a used EV.
Yes, the data and the deals are both pointing the same way.
Used battery electric sales rose 67% year on year.
In the second quarter, just under 111,000 cars changed hands, and that's a record 5.5% of the entire used car market.
That's not a niche corner of the market anymore.
One in every 18 used cars sold in Britain right now is electric.
Where's that growth actually coming from? Well, simple answer, the early adopters already took the depreciation hit, and now you don't have to do that.
A car that costs £40,000 new in 2021 is turning up on used forecourts for a third of that.
Sorry for the people that did take the depreciation hit.
Hopefully, it's mainly business use who got the tax breaks and leasing and so on, um, who were aware of what would happen.
Uh, if you bought, then you're gonna be looking at some heavy depreciation, but it does make it a good time for the used car market, and the UK is mainly made up of the used car market, so actually this is a good time to be looking for a used EV.
So what's actually worth buying? And I'm always looking at this stuff, so it's interesting.
Four cars keep coming up as the genuine value picks right now.
They're not all the obvious ones.
Standard range does a real hun- 180 to hun- 180 to 200 miles.
Long range does up to 240, and it rapid charges at 150 kilowatts, faster than plenty of EVs costing twice as much.
270 miles official range, but here's the actual reason to buy one, this one, over something flashier.
That's not a spec sheet number.
That's insurance against the one bill that can wreck the whole purchase.
So think about that.
You get the warranty on the battery transferred to you as a second owner.
Let's cover the lead story, uh, which is that it's actually a good time...
It's now actually a good time to buy a used EV.
Yes, the data and the deals are both pointing the same way.
Used battery electric sales rose 67% year on year.
In the second quarter, just under 111,000 cars changed hands, and that's a record 5.5% of the entire used car market.
That's not a niche corner of the market anymore.
One in every 18 used cars sold in Britain right now is electric.
Where's that growth actually coming from? Well, simple answer, the early adopters already took the depreciation hit, and now you don't have to do that.
A car that costs £40,000 new in 2021 is turning up on used forecourts for a third of that.
Sorry for the people that did take the depreciation hit.
Hopefully, it's mainly business use who got the tax breaks and leasing and so on, um, who were aware of what would happen.
Uh, if you bought, then you're gonna be looking at some heavy depreciation, but it does make it a good time for the used car market, and the UK is mainly made up of the used car market, so actually this is a good time to be looking for a used EV.
So what's actually worth buying? And I'm always looking at this stuff, so it's interesting.
Four cars keep coming up as the genuine value picks right now.
They're not all the obvious ones.
Standard range does a real hun- 180 to hun- 180 to 200 miles.
Long range does up to 240, and it rapid charges at 150 kilowatts, faster than plenty of EVs costing twice as much.
270 miles official range, but here's the actual reason to buy one, this one, over something flashier.
That's not a spec sheet number.
That's insurance against the one bill that can wreck the whole purchase.
So think about that.
You get the warranty on the battery transferred to you as a second owner.
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