Record demand for electric vehicles despite 8.5% drop in used car sales
According to a new report, used battery electric vehicle (BEV) transactions bucked the overall trend of a declining market by recording their best-ever annual performance.
The Society of Motor Manufacturers and Traders (SMMT) revealed that a record 71,071 units found new owners in 2022 – a rise of 37.5%.
As a result, BEV’s overall market share rose to 1.0% last year, which is up from 0.7% in 2021.
Electric vehicles (EVs) represented just 4.1% of the market. However, this is an increase from 3.3% in 2021.
Robust demand for other alternatively fuelled vehicles continued, too, with sales of hybrid electric vehicles (HEVs) rising 8.6% and plug-in hybrid electric vehicle (PHEVs) transactions up 3.6%.
However, the UK’s used car market declined in 2022, with sales down 8.5% to 6,890,777 total transactions.
This means that 640,179 fewer vehicles changed hands when compared to 2021.
The industry remains 13.2% off 2019’s pre-pandemic total.
- The best electric cars for 2023
- Electric cars – a definitive guide and tips for buyers
- The road to electric – in charts and data
Last year, transactions of used diesel and petrol cars fell by 11.8% and 7.7% respectively.
However, they remained the dominant powertrains with a combined 6,594,880 units changing hands.
Since the start of the Covid-19 pandemic, the automotive industry has been hit with a series of issues, such as the global shortage of semiconductors and global political challenges. As a result, the SMMT believes that this has restricted stock entering the second-hand market.
When looking at the monthly SMMT statistics, transactions of used cars increased by 0.8% in December. This is the first monthly rise since February 2022. Despite this, Q4 was down 4.3%. This follows three successive quarterly declines in used car sales.
Mike Hawes, SMMT Chief Executive, said: “While the market headlines are negative, and reflective of the squeeze on new car supply last year, record electrified vehicle uptake is a bright spot and demonstrates a growing appetite for these models.
“With new car registrations growth expected this year, more of the latest low and zero emission models should become available to second owners. Accelerating uptake is key and will be dependent on drivers being assured of a positive ownership experience.
“This means ensuring charging infrastructure keeps pace with demand as more, new and used car buyers make the switch to zero emission motoring than ever before.”
Further analysis of SMMT data
Although the highlight of the latest SMMT report revealed that UK drivers are looking at making the switch to EVs, the data also showcased some other trends for car buyers.
Black proved to be the most popular colour for the year, accounting for a 21.6% of the market share.
This was followed by blue with 16.4% market share, and, despite grey topping the new car market, it ranked third for used cars at 16.3% market share.
Other drivers purchased 4,461 pink, 6,708 turquoise and 18,658 bronze used vehicles in 2022.
Are you looking to make the switch to EVs? What more can be done to make the industry more appealing? Leave your comments below.
If you are looking for a used vehcile, check out RAC Cars.

Cheaper than AA Price Promise^
- Roadside cover from £5.29 a month*
- We get to most breakdowns in 60 mins or less
- Our patrols fix 4/5 breakdowns on the spot
*At least 10% of new customers pay this for single-vehicle Roadside (Basic). ^T&Cs apply.
You might also like
.jpg%3Fwidth%3D500%26quality%3D100%26crop%3D16%253A9%26gravity%3Dcenter&w=1920&q=75)
Are electric cars cheaper to insure?
With many Brits looking to make the switch to an EV, we have looked into whether it is cheaper to get car insurance compared to fuel equivalents.

Cheapest electric cars: new UK EV grant winners revealed
Looking for an electric car that won't break the bank? Check out our expert guide to the cheapest electric cars you can buy today in 2025.

Do electric cars pay the Congestion Charge?
This guide will tell you what you need to know about the London Congestion Charge and ULEZ when you navigate the capital’s streets in an electric car.

Electric car charging etiquette – the dos and don’ts of EV charging
Charging an EV away from home takes longer and requires more forward-planning than filling up a conventional car. Learn more here with RAC Drive.

Electric cars in facts, stats, and figures
Popular in News
1
Car buyers to save thousands as EV grant returns
2
Private parking companies issue a record 14.4m tickets to drivers in a single year
3
Drivers fined £1m from just 36 yellow box junctions in 2024
4
Road deaths on the rise in Great Britain
5
Private parking industry urged to publish ‘full and transparent’ complaints and appeals data
6
Drivers now able to search for new home that comes with EV chargers
7
Leicester’s Sean Kimberlin named as RAC Mobile Mechanic of the Year
8
Number of drivers caught using unroadworthy vehicles jumps by 52% in a year
9
Warning to drivers across the UK over fake parking apps
10