The topic of electric vehicles has never been less. The government has taken the lead in hoping that consumers will replace electric vehicles as much as possible. However, some consumers who have not yet bought one are worried that they are indeed more expensive than fuel vehicles.
The stability and issues such as value retention and reliability cannot convince all consumers that “electric vehicles are as mature and stable as fuel vehicles.” Therefore, the promotion of electric vehicles is still hindered. The UK has recently faced a problem. As the government vigorously promotes the advantages of electric vehicles, it also requires brands to gradually reduce the proportion of producing fuel vehicles, resulting in a decline in the supply of fuel vehicles, which will also affect the future second-hand car market.
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According to “Cox Automotive” estimates, the number of vehicles entering the UK second-hand car market will decrease by up to 69% by 2028. Although the market prices and demand for electric vehicles have recently slowed down, they predict that the occurrence of these two events will have an impact in the future. There will be an increase in demand for second-hand fuel engines and hybrid vehicles. Therefore, the market will begin to “compete” for the supply of fuel vehicles, and popular vehicle models will be the targets of competition. This prediction is that many brands are forced to accept that the UK will stop selling non-electric vehicles in 2025. Jaguar is one of them. They will phase out all pure fuel vehicles in June this year and focus on electric vehicles.
Last year, fuel-powered vehicles accounted for 94.3% of second-hand car sales in the UK. It is estimated that the number of new fuel-powered vehicles will drop from 71% to 38% by 2028. The remaining share will be occupied by electric vehicles, but this report warns , in the medium to long term, there may be an oversupply of electric vehicles in the second-hand market. Consumers who buy second-hand cars may not be willing to switch to electric cars immediately. It is estimated that more people would rather continue to choose fuel-engine cars, and hybrid cars are also favored.
Although foreign media believe that fewer and fewer fuel vehicles on the market will enter the second-hand market, which will lead to skyrocketing prices in the future, and may even cause the consumer market or consumers to rush for cars, these are estimated based on the current performance of electric vehicles. If electric vehicles in the future No longer limited by weight, charging, charging time, etc., it is likely to hit fuel vehicles again. But judging from the current performance of electric vehicles, perhaps continuing to keep fuel vehicles is not necessarily a bad thing.