Dealers’ Disaster: Used EV Prices poised to Plummet as Lease Returns Surge

Doug McIntyre, editor-in-chief at Climate Crisis, predicts a major drop in electric vehicle prices as a significant number of leased EVs are returned to dealerships. This influx will lead to an oversupply in the used EV market, driving down prices. As a result, new electric vehicles will also face price pressures to stay competitive. The impact, McIntyre explains, is likely to start within the next year and increase significantly afterward as even more leases expire.