USED EV FLOOD COULD SLASH ELECTRIC CAR PRICES

Expiring EV leases will flood the used car market, potentially breaking down one of the biggest barriers to electric vehicle adoption: cost. According to Cox Automotive, just 123,000 EV leases expired in 2025. That number jumps to 300,000 in 2026, then doubles to 600,000 in 2027 and 660,000 in 2028. Since most leased vehicles enter the used market, this creates a substantial inventory of affordable EVs for consumers. The influx could reshape the EV landscape by making electric vehicles financially accessible to buyers who couldn't previously afford them. This supply-driven price correction addresses a critical pain point that has limited EV adoption. As more consumers gain access to reasonably priced used EVs, market penetration is likely to accelerate across all income brackets.