Electric Vehicle Leases Surge

This is a U.S. news story, published by MSN, that relates primarily to EV news.

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TechRadar

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Don’t buy an EV until 2026, new report suggests – they’re about to get much cheaper

Summary

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77% Informative

Nearly 280,000 EV leases will end in the U.S. in the next two years , according to J.D Power .

For many, it will make more financial sense to lease a new car rather than buy out their current lease vehicle.

This is based on the fact that the average buyout price for most electric compact SUVs is higher than the $ 25,000 threshold that would qualify for the used EV tax credit.

The world of used EVs is going to create a buyer’s market in the coming years , but not particularly positive for struggling automakers.

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semi-formal

Language

English

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not offensive

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