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Used EVs ‘too expensive’ compared to diesel and petrol alternatives

The high unit cost of used electric vehicles (EVs) is holding back the electrification of the car market, new research shows, with a lack of community charging facilities, short range and disinterested customers cited by UK car dealers as combining to stifle Sales.

The November Startline Used Car Tracker shows that more than half (58%) of dealerships are concerned about the cost of electric vehicles compared to petrol and diesel alternatives.

One in four dealerships (25%) are also concerned about the lack of on-site community charging facilities, while almost one in five (19%) simply say that customers are not ready to accept electric vehicles.

When asked what would help them adapt to electrification, 61% of dealers wanted generally less expensive electric vehicles, while 38% said longer range vehicles would be a benefit and 28% that a greater choice of electric models was needed.

The rising cost of living is also impacting the rate at which used electric vehicles sell as they are significantly more expensive than a used petrol or diesel, according to the report.

The United States is experiencing similar issues in the electric vehicle market, as reported by Breitbart News.

The average price of an electric vehicle in the United States in May rose 22% from a year ago, to about $54,000, according to research from data and analytics firm JD Power, cited by the the wall street journal.

The average price of an internal combustion vehicle rose 14% over the same period to close at $44,400.

Finally, one in five dealerships (20%) would like to see government electrification deadlines extended, while 13% would like to see training programs for sales staff and 11% want better availability of financing options.

An electric car charging station in a city center car park on September 22, 2022 in Bath, England. The UK government’s call for motorists to switch from petrol and diesel cars to electric cars (EVs) is being inhibited by a charging network that is not yet fit to cope with the huge demand that more VE on the road would tax him. (Matt Cardy/Getty)

According to WSJ.

Finding a place to charge an EV is also a problem for many potential buyers.

The International Council on Clean Transportation says the United States will need 2.4 million charging stations by 2030 just if 36% of new vehicle sales are electric.

Currently, there are about 45,500 charging stations nationwide with just 112,000 outlets, AP reports.

Online searches for electric vehicles have increased by 73% since January, the WSJ previously reported, citing data from auto shopping websites Kelley Blue Book and Autotrader, though sales do not yet match inquiries.

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