"Nearly 280,000 EV leases will end in the next two years, flooding the used car market with affordable battery-powered cars, benefiting buyers on a budget."
"The trends indicate that most lessees may opt for new leases rather than buying their used EVs, as new EV prices are projected to decline further."
"According to J.D. Power's report, lease volumes for new EVs surged by 355% in 2023 and will contribute to a 230% spike in returning lease volumes in 2026."
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