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EV demand jumped by a third in 2025

ended 11. February 2026

Used EV transactions are up 45.7% to record 274,815 units, as electrified car demand jumped by almost a third in 2025, SMMT's Used Car Index showed.

Demand for electrified vehicles accelerated significantly, driven by an ever-increasing choice of models and the potential for lower running costs. 

Sales of used electric cars surged 45.7% year-on-year to a record 274,815 transactions, whilst also achieving a record 3.5% market share, up from 2.5% in 2024.

Plug-in hybrid sales rose by 6.3% to 88,032 units, while hybrids increased by 28.6% to 407,531 units.

  • What is your reaction to the figures? Why do you think EV demand is increasing?
  • Do you own an EV? Are they the future? Why do you think this?
  • Is there enough infrastructure in place for EVs?

Responses asap please.

2 responses from the Newspage community

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Editor
Samuel Mather-Holgate
Managing Director & IFA at Mather and Murray Financial
EVs are getting better in terms of range, performance and general aesthetics. They look like cars now, not space ships. Infrastructure is also improving, but the government could turbo boost this as well as increasing incentives to buy electric. If this was their priority they could make a real impact; but the market will do this at a slower pace anyway.
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Kundan Bhaduri
Entrepreneur, Investor and Landlord at The Kushman Group
The early depreciation in the past 6 months has been so savage that second-hand EVs have become undeniably cheap and attractive. We are all seeing a market correction where premium electric models, once the preserve of the wealthy early adopter, have shed up to 50% of their value in three years, making them suddenly accessible to the average buyer.