Reported 12 days ago
The electric vehicle market is expected to see a significant influx of affordable, pre-owned EVs as lease returns rise dramatically by 2026, with projections indicating around 215,000 EVs will be available. While this is beneficial for consumers, as it may lead to lower prices and increased adoption, it poses challenges for manufacturers concerned about new EV sales. Factors such as potential changes in federal tax incentives may also impact consumer choices between new and used EVs.
Source: YAHOO