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Updated · The New York Times · Apr 25Electric vehicle leases expire, boosting supply of affordable used EVs
7 articles · Updated · The New York Times · Apr 25
- Around 300,000 EV leases will end in 2026, up from 123,000 in 2025, with nearly 660,000 more expected by 2028, according to Cox Automotive.
- This influx is expanding affordable options for buyers as gasoline prices exceed $4 per gallon and new car prices remain high.
- The return of leased EVs may also stimulate new EV sales, as many previous lessees are likely to choose electric vehicles again.
Can the current charging infrastructure support hundreds of thousands of new EV drivers, especially renters? Is this flood of affordable used vehicles the key to unlocking mass-market EV adoption? With used EV prices now matching gas cars, what happens to the value of the traditional used car market? With federal credits gone, can state and utility rebates alone make used EVs the smarter financial choice? As automakers face billions in losses, will they pull back on future EV development? Beyond the battery, what unexpected maintenance costs should a first-time used EV buyer anticipate?