The Auto Trader EV Hub
Your source of the most up-to-date electric vehicle insights
Welcome to the Auto Trader EV Hub, featuring the latest data, insights and guides dedicated to the new and used electric vehicle market.
Here you’ll find levels of new and used electric car supply and demand as well as invaluable used EV retail pricing and speed of sale data. You’ll also find a library of our latest EV related insights and resources, ranging from dedicated webinars and guest interviews with industry experts, to step-by-step selling and stocking guides.
The electric market is still an immature one, which means it’s not only prone to volatility and nuance, but can also be challenging to navigate. This Hub is designed to give you a high-level view of what’s happening in the market so you can keep track of, and respond to, changes as well as identify the strong pockets of profit potential.
We’ll be regularly updating this hub with all our latest data and insights to keep you up to date with the latest developments.
For a more granular view, you can explore your local market in detail by accessing our industry-leading data through our Market Insight tool.
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The Timeline to Electric
The growth in electric vehicles has largely been due to the Government announcing a ban on the sale of new petrol and diesel vehicles from 2030, subsequently moved to 2035. After this time you’ll be unable to sell a new purely petrol or diesel vehicle to consumers.
For many, 2035 may seem like it’s a long-time away, but over the next few years, the market will experience a profound step change as the volume of electric vehicle sales rise, while the sale of their fossil-fuelled counterparts slows. Crucially, whilst the ban may have been shifted, the ZEV mandate, which requires that a certain proportion of new car sales will have to be zero emission i.e., electric, remains in place. This effectively means that, with a minimum of 80% of new car sales having to be electric by 2030, the timeline to electric remains the same as it was under the 2030 ban.
So, with the continuing ‘defleeting’ of the circa 750,000 electric vehicles sold over the last three years and the ongoing push from manufacturers to achieve their ZEV mandates, market dynamics are set to change rapidly. Put simply, if you aren’t gearing up for electric now then you’re already behind.
New car sales will continue to grow throughout the decade with 80% of new car sales in 2030 expected to be electric.
This growth in new car sales, which was originally driven by the now delayed 2030 ban, will continue due to the Zero Emissions Vehicle Mandate setting the minimum levels of new EV sales that manufacturers must adhere to.
As new EV sales grow, so to will the volume of EVs on UK roads. We will see the percentage of EVs in the UK car parc continue to climb as we head ever closer to 2030 and beyond.
EV Market Performance
New EV Market
Data correct as of 6th November 2024
The latest sales data shows a year-on-year rise in new EV transactions. These transaction volumes continue to be driven by fleet sales with consumer demand remaining flat.
SMMT New EV Transactions (October)
New EV Transactions year-on-year (October)
Most Popular New EVs
Top ten most popular list based on advert views on Auto Trader
2. Hyundai IONIQ 5
3. Tesla Model 3
5. Ford Explorer
4. MG4
6. MG Cyberster
1. Porsche Taycan
10. Kia EV3
7. BYD Seal
8. Kia EV9
9. Tesla Model Y
Used EV Market Performance
Data correct as of 6th November 2024
Demand for used EVs remains continues to remain strong, with the rise in the volume of EVs entering the market in the summer slowing down, leading to demand once again outstripping suppl. These dynamics mean that the overall used EV Market Health is now on a positive footing and inline with the broader market, which currently has a Market Health of 15.96%.
The rise in demand for used EVs has also translated to the speed at which they sell. Used EVs are now taking just 25 days on average to leave retailer’s forecourts. This is the fastest of any fuel type with the next closest fuel-type, petrol, taking an average of nine days longer to sell than used EVs. Used EV performance is therefore extremely strong when compared to the rest of the market.
Last month, a used EV sold on average every
25 days
Used EV Prices
Used EV prices continue to contract year-on-year, however, prices have stabilised after significant drops through late 2022. Prices softened in the first half of 2024 but recent months have seen prices remain stable and even increase month-on-month.
Used EV Price movement (YoY)
Used EV Price movement (MoM)
Average used EV Price
Most Popular Used EVs
Top ten most popular list based on advert views on Auto Trader
1. Tesla Model 3
2. Porsche Taycan
4. Jaguar I-PACE
8. Mercedes-Benz EQC
3. Audi e-tron
7. Tesla Model Y
5. Polestar 2
9. Audi Q4 e-tron
10. Skoda Enyaq
6. Nissan Leaf
Your guide to EVs
Whether you’re a retailer, manufacturer, CPO or just interested in EVs, we’ve got all the tools and guides you need to help you understand EVs.
Break through the jargon surrounding EVs with our jargon buster
You’ll find all you need to know about retailing EVs in our ultimate guide to retailing EVs
Uncover all the information you’ll need about EV batteries with our handy guide
For the latest EV retailing tips, take our Retailing Electric Vehicles masterclass
Find out how how the UK’s charging infrastructure is developing
Discover what you need to do to become an EVA Approved retailer
Our Latest Electric Vehicle Content
We’re constantly developing new content around EVs, ensuring you are kept up to date with the very latest EV insights.
Here you will find our latest EV content including clips from our latest EV webinars.
James Brearley, COO of Peter Vardy, shares his view of the current EV market and looks at what actions can be taken to drive demand for EVs.
Nick King, Insights Director at Auto Trader looks at whether there is any truth to the myth that EVs are unreliable.
Louis Maxwell, Senior Insights Manager at Auto Trader shares our latest analysis of EV prices and the impact new entrants could have on the market.
The Road to 2035 Report is our regular industry report that analyses the complete state of the electric vehicle market including what we are seeing with consumer demand, brands performance and developments in charging.
The Chinese automotive industry has seen astronomical growth and is now dominating the EV space. So we recently sent a team to China to uncover exactly what impact the burgeoning Chinese market is set to have on the UK industry.
How can we engage women with electric vehicles and ensure that no driver is left behind on the journey to electric? It’s these questions and more that are answered in our No Driver Left Behind report.
We know that EVs are changing the automotive industry, and that no element of our industry will be immune to the changes brought about by the move to electric. So how exactly will the move to electric impact retailer? Check out our blog to find out.
For our latest industry insights be sure to follow our Auto Trader Insight social channels