Electric cars will take up a third of the secondhand car market in the UK by 2030, new research has found.
With battery electric vehicles already account for 16% in new car sales according to the latest data from the UK’s Society of Motor Manufacturers and Trader (SMMT).
And in 2021, secondhand battery electric car sales accounted but just 0.5% of the market – 40,000 or so EVs out of the 7.5 million used cars that changed hands.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.