WEALTH September 20, 2025 0 Comments

Why 61% of Irish Drivers Are Betting Big on Used Electric Cars – And What It Means for the Future of Auto Investments

Ever wonder why six out of ten Irish drivers are suddenly eying used electric cars like they’re the next big startup? It’s not just a fad — it’s a shift in how we think about value, efficiency, and yes, sustainability in the second-hand auto game. Toyota’s latest research reveals a fascinating twist: nearly half of these savvy shoppers are leaning toward hybrids, not purely electric vehicles, and they’re buzzing with concerns about battery life and running costs. What’s driving this cautious optimism? Perhaps it’s the undeniable peace of mind that comes from buying certified pre-owned — where warranty and expert checks make all the difference. It’s clear the used car market isn’t just evolving; it’s accelerating toward a smarter, greener future. Ready to dig deeper into what’s under the hood of this trend? LEARN MORE

Six in 10 (61%) Irish motorists plan to buy a used electric car as as demand for lower-emission vehicles grows in the second-hand market.

Research from Toyota shows that 48% of respondents prefer a hybrid model. Of those who have purchased used cars, 53% are least inclined to purchase a battery electric car second-hand, followed by diesel at 22%

Of those, 52% say it’s because they want to move to a lower emissions vehicle, and 42% believe they are less economical to run.

Nearly three-quarters (71%) of of used car buyers are concerned about battery longevity.

The omnibus survey conducted by Irish research firm iReach revealed a clear preference for sales from dealerships, with four out of five (80%) having placed their faith in the experts when they purchased a used car.

Of those, almost three-quarters (72%) of drivers cited having greater peace of mind that the car is in good working condition, and 69% were influenced by the likelihood of getting a warranty from the dealership.

Some 43% of respondents have bought a new car in the past, compared to 69% who have purchased used, and 25% are planning to buy a new car, compared to 39% who are planning to buy used.

“Our research confirms that while the demand for used cars is high, so too are the concerns around reliability and value,” said Zoë Bradley, head of marketing communications and corporate affairs at Toyota Ireland.

“Drivers want peace of mind, and that is precisely what our Approved Used program delivers. From our rigorous testing and comprehensive warranty to the Hybrid Health Check and the Toyota Relax programme, we are delighted to offer drivers the same safety and dependability as a brand-new model.