An influx of used EVs could bolster adoption—despite policy rollbacks. We’ll explain. (Axios)
A “leasing loophole” in the 2022 Inflation Reduction Act made it easier and cheaper for consumers to lease EVs than to purchase them outright.
Now, with most two- to three-year leases about to expire, many customers are likely to trade in their cars for newer models—meaning that over 1 million used EVs will hit the market in the next three years, according to data from Recurrent Auto.