BVLRA calls on government to support used EV market

Government decarbonisation targets are at risk unless action is taken strengthen demand for used electric vehicles, warns the vehicle leasing organisation BVRLA.

Used EV-targeted grants, tax incentives and a confidence-building communication campaign would boost demand and stabilise prices, which are slumping as a wave of electric vehicles hits the market at the end of their first lease.

The need for intervention has been highlighted by new forecasting from Oxford Economics, which shows...