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. Power, over a quarter of a million EV leases will end by the time 2026 comes to a close, flooding the market with potentially very affordable battery-powered cars.
That’s good news for people who are looking to get an EV but don’t quite have the money to buy a new one. But there’s more good news: the people returning their slightly used EVs might find it cheaper to just lease a new one instead of buying off their two- or three-year-old car when the contract ends.