One-third of used car sales will be electric vehicles by 2030, which is set to create a robust second-hand market for drivers looking to go green.
By the end of the decade, around 31 percent of annual used car sales will be battery electric vehicles, according to new analysis from LV= General Insurance. In 2021, electric vehicles made up just 1.3 percent of the total number of cars on the road, with just under 400,000 cars.
The number of second-hand BEVs sold annually is expected to see a steady increase over the next few years.
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.