Electric vehicles 'miles away' from disrupting used-car market

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While electric vehicles' share of new-car sales is small but rising, they're not expected to impact the second-hand market any time soon.

if action at all levels of government is co-ordinated through a national strategy.Second-hand sales are not reliably measured in Australia, but the number is estimated to be two to four times that of the approximately 1.2 million. EV sales in Australia totalled 2216 last year, or about one in 500 new cars sold.

Sam Bakhos, a partner at Sydney Car Exchange, said he didn't think "we’ve got everything in place for EVs at this stage". Sydney Car Exchange partner Sam Bakhos estimates just 5 per cent of the market has opted to purchase second-hand EVs to date.While the running costs of EVs are relatively cheap, their faster depreciation rate makes them a tough sell for second-hand car dealers.

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That’s true, the argument is who pays for it, let the market do its job or govt intervention that’s the difference.

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