The UK’s used electric vehicle market has hit a significant milestone, with the total value of used EVs for sale recently surpassing £1billion, according to data from Marketcheck UK. This reflects the growing volume of second-hand electric vehicles available, driven by both an increase in supply and a drop in prices. A combination of tax breaks and subsidies for new electric cars has caused used EV prices to weaken, but this is creating a positive environment for buyers looking to make the switch to electric at a lower cost. Increasing supply of used EVs Data from Marketcheck UK shows that the…
