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Author Topic: Car Leasing Association Wants Govt Support As EV Second Hand Prices Plummet!  (Read 105 times)

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Offline rangerrebew

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Car Leasing Association Wants Govt Support As EV Second Hand Prices Plummet!
« on: April 16, 2025, 06:24:23 am »
Car Leasing Association Wants Govt Support As EV Second Hand Prices Plummet!
April 14, 2025
 
By Paul Homewood

Now they want the taxpayer to subsidise the second hand market for EVs!

 

From GB News:
 

Labour has been urged to intervene and offer more support for used electric vehicles, with experts warning that without support, the car finance sector risks losing "hundreds of millions" of pounds due to lapsing driver demand.

The need for intervention comes as experts warned that due to interest in used electric cars falling, 
Earlier this month, the British Vehicle Rental and Leasing Association (BVRLA) sent a letter to the Government stating that demand for used EVs is "struggling to keep pace" with supply, which could rise to 178 per cent over the next three years.


The letter stated that the imbalance has meant that EV residual values have dropped by 50 per cent in the last two years, with it expected to decline by a further 28 per cent by 2030.

https://notalotofpeopleknowthat.wordpress.com/2025/04/14/car-leasing-association-wants-govt-support-as-ev-second-hand-prices-plummet/
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Offline rangerrebew

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Re: Car Leasing Association Wants Govt Support As EV Second Hand Prices Plummet!
« Reply #1 on: April 16, 2025, 06:25:56 am »
Good job Britain.  You've really gotten your boobs in a wringer with the EV fiasco. blij26
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline Smokin Joe

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Re: Car Leasing Association Wants Govt Support As EV Second Hand Prices Plummet!
« Reply #2 on: April 16, 2025, 06:31:17 am »
Sorry, no pity.

What would have happened to the value of internal combustion engine powered vehicles had the EV mandates gone through?

Secondary market for EVs is additionally (and predictably) depressed by the lifespan of the batteries and the expense of replacing them, just to put the icing on that cake.
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