Falling Resale Prices Put European EV Leasing at Risk
The recent fall in secondhand electric vehicle prices may be a boon for drivers looking for affordable EVs, but it doesn't bode well for Europe's fledgling electric-vehicle leasing market. According to new European car registrations, around 60% of all new cars on the continent (both EVs and fossil fuel cars) are leased rather than bought. With many European nations taking major steps to boost electric-vehicle adoption, the share of leasing revenue generated by electric vehicles is increasing steadily. However, falling secondhand EV prices coupled with rising leasing costs threaten to cut this revenue. Some stakeholders even warn that leasing companies…
