Antonella Abbate • 22 February 2024

Navigating the Shift: Challenges and Considerations in the Used EV Market

In a landscape increasingly shaped by environmental concerns and technological advancements, the automotive industry is undergoing a profound transformation. As the world moves towards a greener future, the spotlight on electric vehicles (EVs) intensifies. However, recent trends in the used car market raise questions about the feasibility and affordability of this transition for everyday consumers.

 

According to recent data, nationally, used car sales surged by 7.3% month-on-month in January. Notably, petrol and diesel vehicles continued to dominate the market, comprising 96% of total sales. Meanwhile, the market for used electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) witnessed a decline. This trend sheds light on the challenges surrounding the adoption of EVs in the secondary market.

 

The disparity in demand between traditional internal combustion engine vehicles and EVs underscores a crucial issue: the perceived value and affordability of used electric vehicles. Despite governmental incentives and a growing emphasis on sustainable transportation, many consumers remain hesitant to embrace EVs in the pre-owned market.

 

One significant factor contributing to this hesitation is the financial aspect. While the upfront cost of new EVs may be offset by incentives and long-term savings on fuel and maintenance, the same cannot always be said for their resale value. As the market for used EVs struggles to gain traction, concerns about depreciation and lower residual values loom large.

 

For the average consumer—often referred to as "mum and dad" buyers—this poses a dilemma. How can they justify investing in a more expensive EV when faced with the prospect of diminished returns down the line? The traditional model of purchasing a vehicle with the intention of trading it in for a newer model after several years may not hold the same appeal in the EV market.

 

One of the primary reasons for the lower residual value of used EVs is the rapid pace of technological advancement. As newer models with longer ranges and enhanced features enter the market, older EVs may quickly become outdated, further eroding their resale value. Additionally, concerns about battery degradation and the availability of charging infrastructure add another layer of uncertainty for prospective buyers.

 

Addressing these challenges requires a multifaceted approach. Firstly, there needs to be continued support and incentives from governments to make EVs more accessible and affordable for consumers. This could include measures such as subsidies for purchasing EVs, tax incentives, and investment in charging infrastructure.

 

Secondly, there is a need for greater transparency and education surrounding the total cost of ownership of EVs. While the initial sticker price of EVs may be higher than their ICE counterparts, highlighting the long-term savings on fuel and maintenance can help consumers make more informed decisions.

 

Furthermore, manufacturers and dealerships must explore innovative solutions to mitigate concerns about depreciation and residual values. This could involve introducing buy-back guarantees or leasing options that offer greater flexibility and peace of mind for consumers.

 

In conclusion, while the shift towards electric vehicles represents a significant step towards a more sustainable future, challenges persist in the secondary market. Balancing the upfront cost of EVs with concerns about depreciation and resale value remains a pressing issue for consumers. By addressing these challenges through policy interventions, education, and industry innovation, we can pave the way for a smoother transition to a greener automotive landscape.

Australia’s EV Love Affair Accelerates – and China is Leading the Charge

by Antonella Abbate • 25 May 2026
Across the Tasman this week, Chinese automotive giant BYD confirmed that almost 5,000 electric and plug-in hybrid vehicles are currently bound for Australia aboard its own dedicated vehicle carrier, the BYD Zhengzhou. The shipment, carrying 4,810 vehicles, marks the first Australian voyage of one of BYD’s purpose-built roll-on/roll-off vessels and is expected to dock in Melbourne before continuing to Sydney and Brisbane. What makes this story significant is not simply the size of the shipment, but what it says about the Australian market. BYD has already announced plans to bring an additional 30,000 new-energy vehicles to Australia in the coming months as demand for electric vehicles and hybrids continues to surge. For decades, Australian motorists were among the most loyal supporters of Japanese manufacturers, with brands from Toyota, Mazda, Mitsubishi, Nissan and Honda dominating local driveways. Few industry observers would have predicted that Chinese brands would achieve such rapid acceptance. Yet Australian consumers have embraced brands such as BYD, MG, GWM, Chery, Geely, Zeekr and others with remarkable speed, treating many of them as though they have been established players for generations. Australia’s transition mirrors trends seen throughout Europe and North America, where consumers are increasingly seeking lower running costs, improved technology, longer warranties and electrified drivetrains. The difference in Australia is that much of this growth is being driven by Chinese manufacturers rather than traditional Western brands. Affordability, strong specifications, competitive warranty programs and rapid product development have reshaped buyer perceptions almost overnight. BYD’s decision to deploy its own shipping fleet to Australia is perhaps the clearest signal yet that global manufacturers now view Australia as a strategic growth market. When a manufacturer is prepared to invest in dedicated logistics to deliver thousands of vehicles directly to Australian customers, it demonstrates confidence not only in its products but also in the appetite of Australian motorists for electrified transport. The message is simple: Australia's EV and hybrid revolution is no longer coming—it has arrived, and Chinese manufacturers are playing a leading role in shaping the next chapter of the nation's automotive landscape.

Australian Refrigeration Council (ARC) announces new appointments

by Antonella Abbate • 25 May 2026
Mr Lamb brings decades of diverse leadership experience across various sectors, both domestically and internationally. Most recently, he served as the Chief Executive Officer of the Murray-Darling Association. Previously, Mr Lamb has held several executive roles with distinct peak body organisations, where he worked closely with government and industry. During his tenure, assisted many organisations to transition into new strategies and methodologies. With his notable experience, he is well positioned to lead the ARC at a time when the refrigeration and air conditioning (RAC) industry is growing at a rapid pace. Mr Lamb succeeds Glenn Evans, who concluded his tenure in December 2025 after 17 years of service. ARC Chair Dr Greg Picker said he was pleased to welcome Mr Lamb to mark the next phase for the Council, which leads national governance of the RAC (also known as ARCtick) Permit Scheme. “The Board is pleased to appoint Mark Lamb as our new CEO. We look forward to working with him as we continue to deliver the ARCtick permit scheme and improve our service to industry. His passion and experience in leading peak body organisations perfectly aligns with the ARC’s priorities at this time and our vision for the future,” Dr Picker said. “It is a crucial time for the industry, and the Board is confident Mark will help us build on our momentum and continue deliver meaning outcomes for the ARC and the broader industry.”  Commenting on his appointment, Mr Lamb said, “I am thrilled to be given this opportunity to play this significant role, not just at the Australian Refrigeration Council, but in the refrigeration and air conditioning industry.

BWM's Milestone

by Antonella Abbate • 25 May 2026
For a company long associated with precision internal combustion performance engines and premium driving dynamics, the production of BMW Group’s two millionth fully electric vehicle is far more than a symbolic milestone. It represents a major industrial transition within one of Europe’s most engineering-driven automotive manufacturers.