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Tag Archives: EVs

Fraudsters more likely to target EVs when manipulating mileage

Electric vehicles are more likely to have had their mileage tampered with by fraudsters, according to vehicle history checking company carVertical. The research has found that UK drivers overpay by 29% on fraudulently clocked cars, on average. Fraudsters alter a vehicle’s displayed mileage because buyers are more likely to pay more for a vehicle that has been driven less. Matas ...

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Sales of younger EVs record highest ever February market share

Sales of EVs sub-two-years-old have recorded a market share of 11.2%, their highest ever in February according to an INDICATA UK market report. A 24% monthly increase in EVs sub-one-years-old entering the market contributed to this success following investment in incentive campaigns. Dean Merritt, INDICATA UK’s head of sales, said: “Each month our used EV data looks more encouraging as ...

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Dealers ‘less interested’ in EVs since fall in values

More than one in three used car dealers are less interested in stocking EVs than they were a year ago due to depreciation on models, according to research by trading platform HonkHonk. Research finds that enthusiasm has dimmed since the previous year due to price falls which removed half off the value of some battery car models. Sebastien Duval, CEO ...

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Budget extends fuel duty freeze and blanks EVs

The Spring Budget, unveiled by Chancellor Jeremy Hunt MP today, extended the fuel duty freeze. The continued 5p per litre cut is now expected to end on 22 March 2025. Sue Robinson, chief executive of the National Franchised Dealers Association (NFDA), said: “With the ongoing shift in sales models and the landmark ZEV mandate coming into force, dealers will be ...

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Fiat lobbies government to reinstate electric car grant

Fiat has called on the Government to reinstate its electric car grant to achieve its 2030 target of 80% electric vehicle (EV) sales for the UK. In January, EV sales stood at 14.7% of new registrations with private buyer sales down 25.1 percent year-on-year. Fiat has expanded its own £3,000 grant – the FIAT E-Grant – for customers. Fiat UK ...

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Nearly new EVs slower to sell than ICE counterparts

Demand for used EVs surged in 2023 as retail prices fell, making stock more affordable and electric cars more accessible to a larger audience. That’s a key finding of The Road to 2035 report from Auto Trader, which found that 9.2% of all 0–5 year old used car enquiries were electric in 2023, up from 5.2% in the previous year, ...

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