Overview
- SMMT reports 80,614 used battery-electric cars changed hands in Q3, lifting BEV share of the used market to 4.0% from 2.8% a year earlier.
- Total UK used-car transactions reached 2,021,265 in the quarter, a 2.8% year-on-year increase.
- SMMT chief Mike Hawes says taxing vehicles acquired through Employee Car Ownership Schemes as company cars risks closing those schemes and cutting the supply of the latest models to second-hand buyers.
- Industry estimates cited by SMMT indicate such changes could reduce new registrations by about 80,000 a year, limiting the number of nearly new electrified cars entering resale.
- Separately, The Telegraph reports the Chancellor is weighing a 3p-per-mile charge for EVs from 2028—about £12 for a London–Edinburgh trip—with self-reported mileage, a plan not confirmed by the government.