Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told.
Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward spiral in the value of used EVs and amid concerns that current models with depleted used batteries could be out-dated by newer models in a couple of years, particularly as new marques enter the market, notably from China.
Europe’s component makers have issued a ‘wake-up’ call to the EU over net zero strategies.
The parts’ makers said Governments must match progress and pace in the rest of the world, have a long-term strategy with financial support, improve skills and be open minded to new technologies which require changes in rules.
Logistics UK is delighted that, following multiple calls from the business groups, the 5ppl fuel duty cut originally introduced in March 2022 is to be retained for a further 12 months in the Budget announcemenets.
Logistics UK’s Chief Executive, David Wells, said, “Logistics is the UK’s system for growth and the Budget announcement was an opportunity for the Chancellor to ensure continued – and potentially increased – investment in green growth and fulfilling careers, while keeping prices down in the shops.”
