More than nine out of ten car dealers believe the used electric vehicle (EV) market is on the verge of a breakthrough, according to the latest Startline Used Car Tracker.
The August report reveals 93% of dealers see the market as “close to a tipping point”, with 53% saying buyers are now much more comfortable with EVs and 51% reporting that they are becoming “just another car in stock.”
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Interest from motorists is also becoming more serious, according to 41% of dealers surveyed.
Paul Burgess, CEO of Startline Motor Finance, said the results reflect a major shift in attitudes: “We wanted to see whether dealers agreed with academics at the University of Exeter, who suggested the EV market is near a tipping point – and the response was overwhelmingly positive. The very high degree of backing for this idea is something of a shock.”
He added that electrification is now “very close to being an accepted fact of the used car market,” with only 3% of dealers reporting significant buyer resistance.
Burgess noted that more retailers now have EVs in stock, not just due to vehicle shortages but because they are increasingly part of everyday business: “These models are becoming just a normal, everyday fact of the motor industry. Of course, there are still issues – charging infrastructure remains a concern – but there is now a sense of genuine momentum.”
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By GlobalDataThe Startline Used Car Tracker, compiled monthly by APD Global Research, surveyed 300 consumers and 60 dealers for the August edition.
