Secondhand EVs will flood the market in 2026, JD Power says

Quick Summary:

Used EV supply is set to grow by 230% as 215,000 cars come off lease.

Since there's also no price cap on the EV or income cap on the buyer, leasing is often a better idea than purchasing outright when it comes to new EVs, particularly for people who are worried about long-term battery degradation.(In fact, this is an overblown fear that is not backed up by data from older EVs, other than the early Nissan Leaf, which does not have active battery cooling.

We have the revised IRS clean vehicle tax credit to thank.

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Article Details

Author / Journalist: Jonathan M. Gitlin

Category: Technology

Markets: United States

Topics: Used ev prices Cars

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:11:46 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 209 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © Ars Technica

News ID: 23465027

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