Don’t buy an EV until 2026, new report suggests – they’re about to get much cheaper

Cars

A spike in returning lease volumes will peak in 2026Market could be flooded with cheap used EVs, new report claimsUncertainty about tax credits could upset the supply/demand balanceAccording to a recent study from J.D Power, which forms part of the 2024 E-Vision Intelligence Report, there will be a 230% spike in returning lease volumes of electric vehicles in 2026, potentially opening the floodgates to a swathe of cheap, second hand EVs.It goes on to state that nearly 280,000 EV
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