An influx of used EVs could drive down prices

An influx of used electric vehicles (EVs) over the next three years, driven by expiring leases, could significantly lower prices. Cox Automotive projects over a million used EVs will enter the market by 2028, with 660,000 leases expiring in 2028 alone. This surge may make EVs more accessible as 76% of U.S. car sales are already used.