Battery-health certificates could boost the UK’s used electric vehicle (EV) market by offering reassurance and a clear measure of condition and value, says AXA UK. These certificates would help insurers assess second-hand EV values more accurately and may reduce premiums.
AXA’s research shows 63% of UK drivers are not planning to buy an EV, with 37% citing battery lifespan concerns. Just 8% intend to buy a second-hand EV. Many also view EVs as too expensive (61%) or worry about local charging availability (36%). AXA’s report argues that standardised battery-health certification would reassure buyers about battery longevity and vehicle condition, increasing confidence in the used EV market.
It also highlights poor public awareness, with 64% saying there's not enough information on buying a second-hand EV. Currently, battery warranties rarely transfer and there's no consistent way to track second-hand EV battery health.
You can read AXA’s full report here.