INSIGHT: Low resale value threat to leasing model behind Europe's EV drive

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LONDON - Low resale values for electric cars have pushed the leasing firms that drive Europe's auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric too fast, industry executives say.

According to data provided to Reuters by Dataforce, in the 16 European markets where it can identify fleet registrations - including Germany, Britain, France and Spain - 60% of new EVs go to corporate fleets and commercial buyers.

But the executives say leasing companies still bear the risk for EV resale values, which is why prices have climbed.

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Article Details

Category: EconomyBusiness

Markets: ThailandBelgiumFranceGermanySpain

Topics: Values Sales Prices Electric Europe Resale Lease Companies Leasing Reuters Fleets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 12:34:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1347 words

Reading Time: 8 minutes read

Sentences: 51 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22060507

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