EDMUNDS data shows a significant increase in the leasing of EVs, with almost 80% of new dealership EVs leased, up from just 16% last year.
The "leasing loophole" allows buyers to qualify for a $7,500 federal EV incentive when leasing, making it a popular choice amid stricter regulations for purchases.
As demand for EVs stabilizes, leasing has emerged as a strategic option for automakers, helping them maintain sales through attractive finance offers and discounts.
With the rise of leasing in the EV market, an influx of inexpensive used EVs is anticipated in the coming years, altering the automotive landscape.
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