Nearly 280,000 EV leases will end in the next two years, according to J.D. Power. These cars will likely flood the used car market. That's because most lessees will find it cheaper to just lease a new EV instead of buying out their old one. The next two years will be a roller coaster ride for new and used electric vehicle prices in the United States. According to a new study from J.D.
Before that happens, though, a 2% decrease in returning EV leases is projected for next year. In total, nearly 280,000 EV leases will end in the next two years in the United States. At the same time, however, J.D. Power says that people looking to get a new EV after their current lease ends might just do that instead of paying the residual value and sticking with the car they leased in 2023 or 2024.