The Electric Vehicle revolution will only flourish with a healthy 2nd hand market
The importance of a thriving second-hand electric vehicle market is essential in order to clean up and accelerate the electric transport revolution. The mission of All Electric is to accelerate the adoption of affordable electric vehicles in Australia, through supporting a thriving and healthy second hand EV market. Without an easily accessible second hand market with quality cars available most Australian households would miss out on the benefits of EV ownership.
For many, the barrier to entry for new electric cars remains the high upfront cost of modern EVs. Affordability is a key factor influencing purchasing decisions for any type of vehicle, electric or otherwise, however with the significant jump in investment required for the increasingly large car batteries, it is particularly important for buying EVs. The reality is that most people simply can’t afford to buy brand-new vehicles, EVs even more so. The second-hand market is the inevitable place where electric vehicles will meet the majority of road users.
Used, pre-loved, ex-fleet, second hand, what ever you call it, the used electric vehicle market will provide the only practical and economical solution to make EVs accessible to a broader audience. To ensure steady supply of quality electric cars into the second hand market, governments, fleets and big business need to make policy and investment decisions now to bring forward investment in new all electric vehicles, to build the fleet rapidly. A healthy and strong second hand EV market will support those investments, as strong demand will ensure a fair price for both sellers and buyers of used electric cars.
All Electric’s vision is to become the best place to buy and sell used EVs, and provide a well thorough onboarding and adoption platform for new EV buyers. For most people, the second hand market is where they buy cars, and for vast majority of people, their first EV purchase will be a second-hand purchase. By making electric cars easier to understand and more financially attainable, the second-hand market will become the driving force behind the adoption of sustainable electric transportation.
The second-hand EV market is crucial for the significant reduction in transport emissions climate targets and will be unmatched in their benefit to cleaning up our air in Urban environments. The urgency to transition from traditional internal combustion engines to electric power is now pivotal in reaching environmental target. While government incentives must continue to play a driving role in the investment in the new electric car fleet, a strong and well-informed second-hand market is essential for the benefits to spread widely across Australia’s millions of households. Without an active second-hand market, the transition to electric vehicles will limp along slowly without making much inroads, and a strong sedonc hand EV market will also result in greater confidence to invest in new EV models, thanks to a fair second hand value.
All Electric’s ambition to provide a smooth and comprehensive EV onboarding platform, focusing specifically on second-hand electric vehicles, fundamentally is about equity in the sustainability revolution – Clean, safe electric transport must not only be accessible to everyone, but the easy choice. By facilitating the purchase and sale of used EVs, All Electric will contribute to the growth of a dynamic and robust second-hand market, a key catalyst in the broader mission to reshape the automotive landscape and help to combat climate change.
The second-hand electric vehicle market cannot be an after thought; it will be the electric vehicle market and is what the electrification revolution will be built on. All Electric’s vision to become the world’s leading platform for both new and second-hand electric vehicles is driven by the belief that we can only achieve an exciting, sustainable, electric future if everyone can come along for the ride.
