Dealers say electric vehicles are more difficult to sell.

A recent survey of dealers has found that the second-hand market for Electric vehicles is shrinking, making them harder to sell.

More than one in three used car dealers are now less interested in accepting electric vehicles for sale compared to a year ago.

Price drops over the past year, influenced by high electricity prices and inflation, have decreased the value of second-hand EVs.

A survey of 66 independent dealerships conducted by car trading website Honk Honk revealed that only 7% of dealerships were more interested in EVs than they were a year ago, as reported by MailOnline.

Sebastien Duval, Honk Honk’s CEO, mentioned that dealers are now more risk averse and prefer cars that can be quickly sold for a profit.

There is high demand for small or medium petrol cars, medium diesels, and hybrids, but dealers are less interested in battery EVs than before.

Data from Auto Trader shows a significant drop in asking prices for used premium EVs over the last 12 months.

The average asking price for a second-hand premium electric car like Tesla, BMW, or Lexus was around £34,500 in February, a sharp decrease from £50,500 in February 2022.

Mr. Duval advised families looking to trade in older cars to consider part-exchanging them for new EVs instead.

Under Prime Minister Rishi Sunak’s net zero commitments, 22% of all new vehicle sales this year must be EVs, but sales to ordinary consumers are declining.

The Telegraph reported a nearly 20% drop in EV sales to individuals in the first two months of 2024, with fleet leasing companies dominating the market.

The car industry has urged Chancellor Jeremy Hunt to provide tax incentives to boost EV demand and support a greener transition.

Mike Hawes, CEO of the Society of Motor Manufacturers and Traders, emphasized the need for policies that will accelerate the growth of EVs and reduce carbon emissions.