In July, Mild Hybrid Electric Vehicles (MHEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) made up almost a third (30.8%) of sales of used cars up to four years old, according to the latest Indicata Market Watch report.
The market share of used EVs also rose to 9.4%, making the combined total of hybrid and pure electric cars reach 40.2%.
Data suggests that the increase of electric car sales is influenced by the drop in prices, as well as wider availability of second hand EVs.
Contrasting to Hybrid and EVs, the market share for petrol cars in the same sector dropped from 59.8% in January 2023 to 49.4% in July 2024, a decrease of over 10%. Used diesel cars also hit a record low of 10.3%.
The increase of hybrid vehicles on UK roads is a further step towards electrification, with motorists making a conscious decision to move away from ICE vehicles when purchasing both new and used cars.
As the UK’s car parc of electrified vehicles grows, buyers will benefit from much greater choice and often better prices on the used market. With its EV-for-EV guarantee and a network of bodyshops that can repair EVs, hybrids and petrol or diesel cars to OEM standards, AX can provide assistance following almost any incident.
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