The EV Market in 2023: A Year in Review

TLDRIn 2023, the demand for used electric vehicles (EVs) increased by 53% in the UK. Despite some depreciation and price drops, the overall market health for EVs remained positive. Tesla experienced a 39% increase in demand and achieved a 4% market health. Diesel and petrol cars also saw an increase in market health, but demand for EVs far exceeded them. The latest statistics show a strong demand for EVs, especially in the last quarter of the year. Additionally, YouTube has been a global platform for sharing EV knowledge, with viewers from various countries, including the UK, the USA, and Australia. The South Parking and Tesla Vision videos were particularly popular. The EV market is set to continue growing in 2024, with affordable prices and more EV options available.

Key insights

📈The demand for used EVs increased by 53% in the UK in 2023.

🚗Tesla experienced a 39% increase in demand and achieved a 4% market health.

⛽️Diesel and petrol cars also saw an increase in market health, but demand for EVs far exceeded them.

📊The overall market health for EVs remained positive, despite some depreciation and price drops.

🌍YouTube has been a global platform for sharing EV knowledge, with viewers from various countries.

Q&A

What was the market health for EVs in 2023?

The overall market health for EVs in 2023 remained positive, despite some depreciation and price drops.

Which car manufacturer experienced a 39% increase in demand in 2023?

Tesla experienced a 39% increase in demand for their EVs in 2023.

Did diesel and petrol cars also see an increase in market health?

Yes, diesel and petrol cars also saw an increase in market health, but demand for EVs far exceeded them.

What were the key factors contributing to the positive market health for EVs?

The strong demand for EVs, despite depreciation and price drops, contributed to the positive market health. Additionally, the availability of affordable options and a global platform like YouTube for sharing knowledge played a role.

What are the expectations for the EV market in 2024?

The EV market is expected to continue growing in 2024, with affordable prices and more EV options available.

Timestamped Summary

00:00In 2023, the demand for used electric vehicles (EVs) increased by 53% in the UK.

03:29Tesla experienced a 39% increase in demand and achieved a 4% market health.

06:25Diesel and petrol cars also saw an increase in market health, but demand for EVs far exceeded them.

08:52The overall market health for EVs remained positive, despite some depreciation and price drops.

09:35YouTube has been a global platform for sharing EV knowledge, with viewers from various countries.

11:58The EV market is set to continue growing in 2024, with affordable prices and more EV options available.