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Its here already in the used car market...

‘Significant mismatch’ between supply and demand as EVs pile up in used car market.


Australia’s used car market is filling up with a glut of unsold electric vehicles, as wary consumers steer clear amid concerns about battery life and resale values plummet.

Australia’s used car market continues to see a glut of unsold electric vehicles, as wary consumers steer clear amid concerns about battery life and resale values plummet.

New figures from the Australian Automotive Dealer Association (AADA) and automotive insights company AutoGrab showed there were 4013 used EVs up for sale in May compared with 1647 sales, the lowest ratio of listings to sales of any category.

“If you look at all fuel types, EVs are by far the most oversupplied of them all — how many are for sale versus how many are selling,” said AADA chief executive James Voortman.