According to a report by ECO, this increase in demand for electric vehicles caused an increase in turnover of stocks (number of replacements in a period of time, in this case a month) by 302% compared to March 2021, settling at 9.4x – or that is, in the space of one month there was an average of 9.4 replacements of electric vehicle stocks. This increase is also reflected in the top number of used cars under 4 years old selling fastest; in the first three places of this ranking we find the hybrid Kia Niro, the electric Hyundai IONIQ and Nissan Leaf.

In the European countries analysed by INDICATA, the general sale of electric vehicles increased by 146% in March, year on year, and the sale of hybrids also grew by 33% in this period. At the other end of the scale the sales of used diesel and gasoline cars fell in March by 22% and 13%, respectively, against March 2021.

In 11 of the 13 markets under analysis, electric cars sold faster than all other types of vehicles, with a stock rotation now in the region of 11x, which corresponds to an increase of 201% over the previous year, a demand that is also pushing prices higher. Under analysis were the markets of the United Kingdom, France, Spain, Portugal, Italy, Austria, Germany, Belgium, the Netherlands, Sweden, Denmark, Poland and Turkey.