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Two in each three future EV consumers will contemplate used: eBay Motors Group

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Two in each three future EV consumers will contemplate used: eBay Motors Group

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Two in three consumers (65%) contemplating an electrical automobile (EV) as their subsequent automotive anticipate to buy used moderately than new, in response to analysis commissioned by eBay Motors Group. 

Moreover, shopping for a used EV appeals extra to girls (69%) than males (61%), though they have been evenly break up (30%) when contemplating a nearly-new EV lower than two years outdated. 

General, the inclination to purchase a used EV was strongest amongst petrol or diesel house owners (81%), falling to only 18% of these at present proudly owning an EV. 

eBay Motors Group’s newest Shopper Perception Panel, polling the views of two,000 in-market consumers in September, additionally recognized the primary considerations of customers contemplating shopping for a used EV. 

Topping the listing weren’t solely the fee to purchase being too excessive (43%) but additionally worries over the standard and efficiency of batteries (43%). Girls have been extra involved about prices (46%), whereas males have been most involved in regards to the state of batteries (45%). 

Different considerations included upkeep and servicing prices (28%), vary being lower than with new EVs (28%) and uncertainty over what constitutes cheap mileage (27%). 

Nevertheless, solely 15% have been involved about decrease resale values and 14% poor finance offers. 

“With rising new EV registrations progressively producing extra volumes within the used market, shopping for second hand is turning into a practical consideration for a rising variety of automotive consumers,” mentioned Lucy Tugby, advertising and marketing director of eBay Motors Group. 

“Our analysis exhibits how two in three determination makers contemplating shopping for an EV as their subsequent automotive will realistically take into consideration shopping for used, though the precise value of buy stays a big barrier for a lot of. 

“Nevertheless, we consider this might be progressively addressed by the continuing downward realignment of wholesale values which in flip will give sellers extra confidence to supply EV inventory and cross on financial savings to clients able to transition away from petrol and diesel. 

“Issues over battery life are comprehensible however typically unfounded as the most recent technology of EVs enter the used market. Sellers may have a job to play to assist alleviate these considerations, a process made simpler by the OEMs who’ve prolonged guarantee cowl on their batteries,” mentioned Tugby. 

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