The Impartial Motor Sellers Affiliation (IMDA) is urging the Authorities to introduce a £1,000 grant incentive to assist the UK’s used electrical car market or danger it being “left behind”.
The IMDA has raised “severe considerations” concerning the lack of provisions for the used EV market following the announcement of the Electrical Automotive Grant (ECG).
The ECG has been launched to stimulate the brand new automotive EV retail market, which the brand new automotive trade had additionally been urging assist for.
Whereas the IMDA does welcome the assist for the brand new automotive sector, Umesh Samani, the organisation’s chairman stated: “With out motion, the used EV market dangers being left behind, undermining your complete EV transition.”
The IMDA recognized key challenges together with falling residual values, “hesitant consumers” and an absence of grant funding.
Samani stated the IMDA’s personal polling reveals there’s a lack of engagement to inventory used EVs, with solely 20% of members doing so.
The IMDA has proposed some options which it felt might assist the impartial motor vendor community.
Battery well being certification scheme:
- Administered by recognised commerce associations just like the IMDA.
- Certification issued inside 14 days of sale.
- Potential integration with MOT testing for long-term monitoring.
- Certification safeguards consumers beneath the Client Rights Act 2015.
- Helps eradicate rogue merchants and helps real sellers.
- Offers authorities with worthwhile battery degradation knowledge.
Authorities-backed shopper incentives concentrating on the used car sector:
- £1,000 grant fundinf towards a house charger or equal vitality credit score upon buy of a used EV
- Solely out there by way of licensed sellers assembly high quality requirements or registered to a commerce affiliation.
- Authorities-Backed Incentives to assist impartial motor sellers
- Vouchers/grants for gross sales coaching to make sure customers are being given the precise info
- Grants for aftersales coaching to make sure impartial workshops are absolutely certified on EVs
Samani added: “We’re providing options that defend customers, assist real impartial motor sellers and provides the Authorities accountability.
“It’s time for impartial sellers to have a correct seat on the EV desk.”
ECG “unlikely to closely impression used EV market”, says Auto Dealer
A number of trade commentators have raised considerations for the used EV market following the announcement of the ECG.
Nonetheless, Ian Plummer, industrial director at Auto Dealer, just lately stated it is unlikely the ECG will both closely or instantly impression used EV pricing and residual values.
Plummer stated: “It was encouraging to see a robust surge of curiosity in new EVs on Auto Dealer instantly submit the grant launch, and a few of this positivity additionally flowed into used EVs, as we all know the vast majority of these contemplating electrical will store each new and used vehicles.
“The brand new EV market is way from reaching parity, nonetheless, and that’s the place the grant could have a key function to play in making certain there’s an EV for everybody.
“New authorities actions will primarily impression the brand new automotive market, together with by in all probability forcing pricing actions on new EVs of manufacturers not eligible for the incentives however needing to maintain tempo with their opponents.
“However whereas attractively priced used EVs are nonetheless properly beneath new fashions, it is unlikely they’ll see additional value reductions, not less than within the quick time period.”
