The Used EV Market In Denmark Is Booming

Studying the newest difficulty of Motor, the Danish Motorist Associations (FDM) journal, I used to be surprised by how loopy the marketplace for used electrical automobiles has developed in Denmark just lately. It’s a traditional catch-up impact growth when a market will get disrupted by a brand new expertise. On this case EVs, and particularly EVs with sufficient vary and charging charges to make individuals overlook concerning the vary anxieties of the great previous days with the first technology Nissan Leaf and BMW i3. I’ve been there, and know precisely how tough on a regular basis life could possibly be as an EV pioneer, and I bear in mind touting that the 60 kWh battery capability threshold was what would do the trick. And right here we’re.

First, to see the next in context it is advisable to know that Denmark has a inhabitants of 6 million. So, right here’s a couple of numbers that FDM has introduced forth relating to battery-electric automobiles, no hybrids included:

• Within the first half of 2022, 12,000 new EVs have been bought, and 18,000 used EVs have been bought.
• Some sellers are experiencing will increase from 2 to three% EV gross sales in 2020 to 40% EV gross sales in 2022.
• Within the first half of 2022, solely 350 new Tesla Mannequin 3s have been bought, in distinction to 4,500 used, of which 3,000 have been imported.
• A complete of 20,000 automobiles have been imported within the first half of 2022, of which half have been EVs.
• The whole used EV market has tripled in 2022 in comparison with the identical interval in 2021.

Why is the EV market so skewed towards used automobiles in Denmark? I consider it’s the proper storm of three components:

1. Denmark is such a small market that even delicate adjustments within the European market might be amplified within the Danish market.
2. In Germany (14x the Danish inhabitants), it’s authorized to export an EV after solely 6 months, even with a revenue, as a result of it was closely incentivized upon bought as new, nonetheless making most fashions less expensive than equal used home fashions.
3. The hype round EVs has gone mainstream, and Danes are recognized to be a bit stingy and never afraid to do a little bit of arithmetic, rapidly realizing that cash may be saved in the long term switching to an EV.

In a world of a lot too low EV manufacturing capability, the demand in a small nation like Denmark will sooner be saturated with all of the used EV leftovers in Europe, and it will seemingly imply that the transition will occur a lot sooner than anticipated. However what concerning the ICE car leftovers, you ask? Effectively, Danes are additionally recognized for conserving their automobiles for a really very long time, so to promote them low-cost, scrap them, or simply preserve them is just not an issue, and the extra premium fashions are historically in excessive demand in japanese Europe, for now.

I might not be stunned if the transition to an EV-dominated fleet in Denmark will occur in a fair shorter time-span than it did in Norway. Norway prepared the ground in incentivizing demand in a world of very low provide, so producers would purposely channel enormous numbers of EVs instantly there. Now that Norway is nearly saturated in EV gross sales, Denmark is able to choose up the leftovers from an ever rising world EV manufacturing.

I witnessed the private laptop enter our houses within the Eighties and Nineties, and the cellular phone get into nearly each pocket from 1992 to 2008, at which level the smartphone eradicated the cellular phone in a couple of brief years, and now the shift from ICE to EV will most likely occur even sooner, even supposing the product in query is way more costly and tougher to fabricate. I actually don’t know find out how to relate to this modification, because it’s occurring so quick it astounds me.

It appears inevitable that the bottleneck might be entry to uncooked supplies, primarily for battery manufacturing clearly. I’m wondering how it will have an effect on the battery dimension within the common EV mannequin? It appears to me that the 70 – 80 kWh fashions are in excessive demand proper now, however possibly the striving for longer vary must be capped to be able to make a better amount in provide doable. Faster and extra considerable charging is a key issue. So possibly the 60 kWh capability threshold I’ve contemplated for years would be the candy spot for the foreseeable future?

Listed here are the newest wait instances for standard new EVs:

Aiways U5 Premium: 4 months
Audi This autumn Sportback 40 e-tron: 12 – 18 months
Hyundai Ioniq 5 Superior RWD LR: 9 – 12 months
Kia EV6 RWD LR Improve: 18 months
Maxus Euniq 6: 4 months
Mercedes EQA 250: 6 – 9 months
MG Marvel R Luxurious: 6 – 12 months
Nissan Ariya 63 kWh Evolve: 4 – 5 months
Volvo XC40 Recharge P6 FWD Plus: 10 months
VW ID.5 Professional Efficiency: 4 months
Tesla Mannequin 3 LR: 5 – 7 months
Tesla Mannequin Y LR: 4 – 6 months

No surprise used EVs are in excessive demand…

 

Respect CleanTechnica’s originality and cleantech information protection? Take into account changing into a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

 

---

Do not need to miss a cleantech story? Join daily news updates from CleanTechnica on electronic mail. Or follow us on Google News!

 

---

Have a tip for CleanTechnica, need to promote, or need to recommend a visitor for our CleanTech Speak podcast? Contact us here.

---

Commercial

 

---