The Second-Hand Surge: How Expiring EV Leases Will Drive Down Market Prices
A wave of expiring EV leases is set to double the supply of used electric vehicles, helping to drive down prices and accelerate mainstream EV adoption.
A wave of expiring EV leases is set to double the supply of used electric vehicles, helping to drive down prices and accelerate mainstream EV adoption.
With a large number of lease agreements expiring, the supply of used electric vehicles is set to double between 2026 and 2027. This is expected to lower entry barriers and accelerate adoption, while posing challenges to charging infrastructure.
Despite a slump in the new electric vehicle market, used EV sales are seeing a significant spike. This trend is driven by cost-conscious consumers navigating volatile fuel prices, as the used market provides a more accessible entry point into electric mobility.
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