The fuel price spike looks set to shatter a longstanding barrier to electric vehicles take-up and help establish a viable second-hard market as buyer demand soars and triggers a rise in long dormant resale values.
Soaring bowser prices for petrol and diesel and the threat of shortages as the virtual blockade of the Strait of Hormuz chokes global oil supplies have sent sales inquiries for EVs soaring and new data shows demand for used EVs is following suit.