Reported 2 months ago
The leasing model critical to Europe's electric vehicle (EV) market is under strain due to plummeting resale values, leading leasing companies to increase prices dramatically and threaten to exit the market if mandated to transition to EVs too rapidly. With a significant share of new EVs being leased, especially to corporate fleets, the financial risks of declining second-hand values are raising concerns about the sustainability of EV adoption and the future of leasing firms amid subsidy cuts in key markets.
Source: YAHOO