The remarks were delivered during the EV Summit 2023 in Oxford, England.
According to the U.K.-based Society of Motor Manufacturers and Traders, used battery electric vehicle sales rose by 81.8% to 30,645 in the second quarter, with their market share hitting a record 1.7%.
While the above is no doubt encouraging for advocates of low- and zero-emission mobility, Tesla manager Michael Oates said the used car industry for EVs is still "in its infancy, certainly compared to the new EV industry."Used electric vehicles are set to play an important part in the shift to more sustainable forms of transportation, according to a manager at Elon Musk'sin Oxford earlier this week, Michael Oates — who leads Tesla's sales and delivery teams in the U.K.
Other demographics to consider include those who are interested in EVs but lack the "financial means" to purchase a new one, he added. "Retail used electric vehicle sales — EVs sold through a licensed dealership — increased significantly in Q1, according to Cox Automotive data, up 32% year over year, to 42,753 units," it later added, citing estimates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Subaru EVs will support Tesla's NACS chargers starting in 2025Subaru has announced its support for Tesla’s NACS EV charging standard, joining manufacturers like Honda and Toyota. The company says the standard will be incorporated into charging ports by 2025.
Read more »
Why Would Workers Return to a Former Employer?Psychological reasons why people return to previous employers (and why they leave in the first place).
Read more »
Why Netflix Cancels So Many Animated TV Shows (& Why It's A Problem)Netflix cancels a lot of its animated shows, which is not just frustrating for fans but also indicates a problem trend with the streaming platform.
Read more »
BLUETTI Moves Into Home Energy Storage With New Grid-Tied SystemsClean Tech News & Views: EVs, Solar Energy, Batteries
Read more »
Affordable EVs: Stellantis looks to China | Car NewsAs it looks for a way to offer affordable electric vehicles, Stellantis forms a partnership with Chinese company Leapmotor. Auto123 has the details.
Read more »