Used electric vehicles (EVs) demand has risen by 36.4% year-on-year in May, according to Autotrader’s latest AI-powered Retail Price Index. The increase in demand is now outpacing supply in the market, which last month fell by 11.2% year-on-year. Used EVs are selling faster than ever, taking an average of just 24 days to sell, 12 days quicker than the same period last year, and a full five days faster than the average used petrol car.