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

  • 📰 smh
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Australia's waking up': take-up of electric car charging points to market shiftFears that adding electric vehicles will strain the grid may be misplaced if the experience of developers such as Mirvac is any guide. p_hannam Free charging, everyone has got to like that? Any chance they can give me a $40,000 loan so I can buy a EV?
Source: smh - 🏆 6. / 80 Read more »