AA warns of ‘fragile’ transition to electric vehicles in the UK
The UK's transition to electric vehicles remains fragile due to low residual values and mixed government messages. Falling prices of used electric vehicles are driving affordability improvements, but rapid depreciation poses a challenge for fleets and manufacturers.
The UK's electric vehicle market is still in transition. Used EV prices have dropped below those of equivalent petrol cars for the first time. This is driven by ex-fleet supply entering the market. However, low residual values are putting pressure on fleets. The AA warns that mixed government messages and weak demand may undermine the market's long-term health.
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