Social Leasing Programs Could Improve EV Affordability in Europe
Drivers in Europe could afford battery electric vehicles (BEVs) if they had access to social leasing programs, some experts say. Prohibitively high prices have placed electric cars out of reach for most drivers in major vehicle markets, limiting EVs to affluent consumers with disposable income and hindering the broader transition to electric mobility. Although Europe is a world leader in electric vehicle adoption, there is still plenty of room for growth. Launching social leasing programs could allow Europeans who cannot afford EVs at current prices to access them without breaking the bank. This could accelerate electric vehicle adoption across the…