This is fascinating reading about the #cars situation in the US. #EV vehicles are beginning to come off-lease after the incentive-driven boom of 2022–2025, peaking in 2028 when an expected 800,000 units will hit the market.
In the US, EV prices have cratered. Incentives have disappeared, and customers have shown little interest in buying new ones. A 3-year-old EV today retains only 40% of its initial value, which means off-lease returns will cost whoever finances the deal a lot of money.
This is going to send a small shock wave of losses to lease underwriters across the auto industry. More importantly, it means the prices of used EVs will continue to fall as more units flood inventory, putting downward pressure on new EVs too.
The upside is that there will be a lot of lightly-used EVs available to pick up at lower prices, and you can probably strike good deals for newer units. And with rising gas prices…
https://www.autoweek.com/news/a70884164/800000-evs-to-hit-used-market/
Dave Rahardja
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2026-04-05 05:33:52 UTC
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wss://relay.momostr.pinkPublished at
2026-04-05 05:33:52 UTCEvent JSON
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"content": "This is fascinating reading about the #cars situation in the US. #EV vehicles are beginning to come off-lease after the incentive-driven boom of 2022–2025, peaking in 2028 when an expected 800,000 units will hit the market.\n\nIn the US, EV prices have cratered. Incentives have disappeared, and customers have shown little interest in buying new ones. A 3-year-old EV today retains only 40% of its initial value, which means off-lease returns will cost whoever finances the deal a lot of money.\n\nThis is going to send a small shock wave of losses to lease underwriters across the auto industry. More importantly, it means the prices of used EVs will continue to fall as more units flood inventory, putting downward pressure on new EVs too.\n\nThe upside is that there will be a lot of lightly-used EVs available to pick up at lower prices, and you can probably strike good deals for newer units. And with rising gas prices…\n\nhttps://www.autoweek.com/news/a70884164/800000-evs-to-hit-used-market/",
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