A significant influx of used EVs is expected to hit the market as leases expire, with numbers projected to grow from 123,000 in 2025 to over 600,000 annually by 2027. This surge in supply is likely to dramatically reduce prices for electric vehicles. Increased affordability could accelerate EV adoption by making them accessible to more consumers.
Background
Electric vehicle adoption has been limited by high purchase prices, though the used car market represents the majority of vehicle sales in the US. Lease expirations create a predictable supply of used vehicles entering the market.
- Source
- The Verge
- Published
- Apr 26, 2026 at 02:25 AM
- Score
- 6.0 / 10