An influx of used EVs could drive down prices

Part of what has held backmost electrical cars has been the cost. But an influx of utilized vehicles implicit the adjacent 3 years could bring prices down dramatically. In 2025, conscionable 123,000 leases connected EVs expired. That is expected to much than treble to 300,000 successful 2026, and treble again to 600,000 successful 2027 and 660,000 successful 2028, according to Cox Automotive.

Most leased vehicles extremity up entering the utilized market. This means much than a cardinal utilized EVs could go disposable implicit the adjacent fewer years, making them acold much accessible. The immense bulk of cars sold successful the US are utilized - immoderate 76 percent arsenic of 2024, according to Consumer Affairs. A ample portion of th …

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