EV Surge in the UK: The Shocking Sales Numbers from Cinch
What the Numbers Really Mean
Pumped up with excitement, Cinch has just dropped a fresh data sheet showing that the number of used electric cars buyers love has stormed up by 311% from July to September 2024, compared to the same period last year. That’s a lot of wheels going green!
Why the Pick-Up Is Faster Than Petrol & Diesel
- The study shows EVs are selling nearly 26% faster than their petrol and diesel cousins during the October 2023‑September 2024 window.
- Drivers are finally seeing the benefit of lower running costs and sustainable cruising.
Top‑Selling Models—The Crowd‑Favored Choices
- Tesla Model 3 – The smoothest ride in town.
- Renault Zoe – Small, smart, and surprisingly swift.
- Nissan Leaf – A classic that never goes out of style.
Commentary from the Pro‑In‑Car–Guru
Sam Sheehan, Motoring Editor at Cinch, sums it up like this: “With the EV market maturing, you can snag a budget‑friendly, low‑mileage, battery‑powered treasure. Those colossal price gaps between electric and traditional cars? Gone. Plug‑in tech is getting supercharged as public charging racks improve, ranges extend, and the variety of options expands. The point is, there’s no better moment to embrace green driving than now.”
Bottom Line: It’s a Game‑Changer
With electric vehicles becoming the new economy, the UK is heading straight toward a cleaner, chargeable future. If you haven’t yet bought a second‑hand EV, the time to dive in is practically—-but not literally—-now.
Affordability of EVs
From Gas Guzzlers to Green Chuggers: How EV Prices Are Getting Seriously In Touch
Think about that sky‑high price tag on any electric car you eye? It’s been the main thing holding petrol and diesel drivers back from ditching their exhaust for a smooth, silent future. But guess what? The used EV market is maturing and those tough price gaps are shrinking faster than a burrito on a layout line.
The Numbers Don’t Lie
- 2022: In the July‑September window, a used electric car on cinch’s site averaged £25,078—over £10,000 pricier than the petrol/diesel average of £14,419.
- 2023: The gap slumped. EVs were on track at £19,440 while diesel/ petrol vehicles hovered at £14,619. That’s a drop of about £5,000.
- 2024: Now the spread is practically a whisper. EVs sit at £16,075 versus £14,794 for ICE cars—just a modest £1,000 difference on average.
The Big Takeaway
As we drive forward into the electric age, the initial cost—which used to feel like a big, scary hurdle—has become more forgiving. The numbers help paint the picture: the barrier that once stalled every “next‑car” decision is fading away, making it easier for those stuck in the ICE trenches to hop onto the electric bandwagon.
So if you’re a gas‑fed driver scratching your head over a new EV, remember: the price gap isn’t a mountain anymore—it’s more like a gentle hill. And with those figures sliding down faster than traffic on a holiday weekend, the future looks less pricey and far brighter.
‘Narrowing gap’
EVs: The Unexpected Wallet‑Friendly Ally
Think a shiny electric car will leave your bank balance in a black hole? Think again. When you line up the same model, age, and mileage, the electric buddy often comes in at a cheaper price tag.
Vauxhall Corsa‑e vs. Classic Corsa
- Used Electric Vauxhall Corsa‑e (≤3 years, <30,000 mi) – £12,701 average selling price.
- Used Petrol/Diesel Corsa (same criteria) – £13,005.
That’s a sweet £304 cheaper just for choosing electric.
Budget‑Friendly Models on the Market
- Renault Zoe & Nissan Leaf – under £12,000.
- Other EVs available for less than £10,000.
So the electric garage isn’t just for the high‑rollers anymore. There’s an EV for almost every pocket.
Why It Makes Sense to Go Electric
Even though new EVs sometimes carry a small premium, the used‑car gap is shrinking fast.
But the real kicker comes when you look at total ownership:
- Home‑charged EV owners can save £1,040 per year on running costs versus a petrol car.
That’s money that could go to extras like a coffee, Netflix, or—why not—plenty of ice cream!
Bottom Line
With electric cars offering lower upfront purchase prices and a clear long‑term expense advantage, the choice has never been easier. Pick the EV that fits your budget, charge at home, and watch those fuel bills shrink like a good weekend break. Happy driving!
Sales soaring
Cinch Snags Top Spot for Used EV Sales in Q3 2024
In a whirlwind of electric car traffic, Cinch has officially topped the charts as the biggest seller of used EVs from July to September last year, according to MarketCheck, an unbiased watchdog of the auto market.
Sales on Cinch’s site and app didn’t just creep up—they rocket‑rolled in a staggering 311% jump over the same quarter a year earlier (Jul‑Sep ’23 vs. Jul‑Sep ’24). That’s a whole lot of electric wheels rolling off the virtual showroom floor.
Top 10 Best‑Selling Used EVs of the Record Quarter
- Tesla Model 3
- Renault Zoe
- Nissan Leaf
- Hyundai Kona
- Vauxhall Corsa‑e
- Kia e‑Niro
- Peugeot e‑208
- Peugeot e‑2008
- Jaguar I‑Pace
- MINI Hatchback
Industry Voice
“Despite some fresh faces lighting up the EV scene, Tesla’s Model 3 remains the crowd favourite – and it’s finally more affordable than ever,” says Sheehan.
“We anticipate fierce competition from a range of manufacturers next year, especially the Chinese market, but Tesla still enjoys a loyal army of fans across the UK.”
Public charging boost
Charging Adventures for Electric Car Enthusiasts
Charging on the go is one of the biggest questions when you’re thinking about switching to an electric vehicle. If you’re worried about finding a place to juice up while on the road, you’re in luck—most EV drivers in the UK are basically never more than five miles from a public charging location.
Where the math works in your favor
- As of October 2024, there were 71 459 public charge points dotting the UK map.
- For comparison, back in October 2022 the number stood at 36 637.
- That’s a whopping 95 % jump in just two years—talk about a rapid recharge!
Funds that keep the lights (and engines) on
In a generous move to keep more wires and chargers out there, the 2024 Autumn Budget announced a £200 million fund aimed at enhancing the public charging network. Thanks to Chancellor Rachel Reeves, EV owners can look forward to even more convenient and plentiful charging spots.
So the next time you’re zipping through the countryside, remember: you’ve got plenty of spots to power up, and the government’s backing you up too. Let the road trip roll—fully charged and laughter guaranteed!
Going the distance
Riding Ahead – No More Range Anxiety!
Think you’re stuck with those dreaded “I’m out of juice” moments on long drives? Those worries might be vanishing soon. According to fresh figures from the Society of Motoring Manufacturers (SMMT), the newest electric cars are heading onto the streets with ranges that can hit up to 450 miles. That’s a little more than triple the distance most EV owners cover in a week.
Why 2025 Might Be the Year of a Switch
Abhishek Sampat, cinch’s Head of Electric Vehicles, sums it up: “The rapid shift to longer‑range EVs, matched with an expanding charging network, means 2025 will make the electric switch a lot more mainstream. Sellers are already adding battery grading – an independent report on a used EV’s health – to boost buyer confidence.”
What You’ll See on the Road
- Cars that cover 450 miles on a single charge.
- A charging grid that’s growing faster than a pizza shop’s pizza nights.
- Used‑car listings with battery health reports, so you know exactly what you’re buying.
- Surprisingly, the cost of charging is dropping, meaning more “money saved in the battery” than “money spent on gas.”
Feel the Freedom
Picture this: you’re on a weekend road trip, the GPS says 312 miles to your destination, you’re not afraid to turn on the dash lights, and you’ve got a fully charged battery to match. Instead of pausing for a quick charge at a coffee shop, you’ll pass a rapid‑charge station, be back in the car within minutes, and keep that spirit-leveling journey going.
In short, the days of rest‑stop stress and those “lets see if this will make it to the next town” moments are about to fade. The next generation of EVs promises you to drive farther, faster, and with fewer worries. Buckle up – your future journey is looking brighter.
