Recommendation 24

We heard some concerns about price volatility in the second-hand market and particularly the impact this may have on the leasing market. If used electric vehicle prices continue to drop, leasing companies will raise leasing charges for consumers—potentially making them less attractive than leasing ICEs despite the big fiscal incentives for electric vehicle leasing. The second- hand market remains immature and we would not recommend that the Government make any intervention now to prevent used prices dropping further.