To ask the Secretary of State for Transport, what plans he has to provide support for the purchase of used electric vehicles; and if he will make a statement.
15 April 2021
The second-hand electric vehicle market will have an important role in the UK’s transition to zero emission vehicles (ZEVs). We already have various financial incentives to stimulate the new ZEV market and increase the supply of these vehicles feeding through to the second-hand market. Additionally, our funding for chargepoint infrastructure at homes, workplaces, residential streets and across the wider roads network is also supporting consumers to buy used ZEVs.
Fleet operator businesses buy over half of the new vehicles sold each year and are major suppliers to the used market, therefore encouraging them to go zero emission will spur the used ZEV market. As confirmed in March 2020, users of zero and ultra-low emission cars will continue to benefit from favourable company car tax rates (compared to conventionally fuelled vehicles) until 2024-25. In addition, buyers of both new and used ZEVs do not pay vehicle excise duty.