Last mentioned: Mar 25, 2026
Market Saturation
Projected return of nearly 1 million EVs to the used market, further driving down prices.
Projected Peak
Used EV supply expected to double as 2024-2025 leases expire.
Projected Peak
Lease returns expected to double as 2024 cohorts expire.
Supply Surge
First major wave of 500,000 lease returns hits the used market.
Supply Influx
The first major wave of 500,000 three-year EV leases begins to expire, flooding the used market.
Supply Surge Begins
First major wave of 500,000 off-lease EVs hits the used market.
Lease Peak
EV lease rates hit a record 67% of all new EV transactions.
Lease Peak
EV lease rates reach a record 67% of total sales as consumers exploit the credit loophole.
Lease Peak
EV lease rates hit a record 67% of all new EV transactions.
Leasing Boom
Automakers aggressively use lease credits to lower monthly payments.
IRA Enacted
Inflation Reduction Act introduces $7,500 lease credit loophole.
IRA Signed
The Inflation Reduction Act introduces the $7,500 EV tax credit with a leasing provision.
IRA Enacted
Inflation Reduction Act passes, creating the $7,500 lease loophole for EVs.
Leasing Boom
Automakers aggressively push EV leases to capitalize on federal credits.
A massive wave of electric vehicles is hitting the used market in 2026 as three-year leases from the 2022-2023 period expire, driven by previous federal tax incentives. With nearly 500,000 units expected to return this year, used EVs are becoming the most cost-effective alternative to record-high new car prices and rising fuel costs.
A massive wave of 500,000 electric vehicles is hitting the used market in 2026 as leases from the 2022-2023 period expire. Driven by federal tax credit incentives, this supply surge is making used EVs the most cost-effective entry point for American drivers facing high gas prices and new car costs.
A massive influx of electric vehicles coming off three-year leases is transforming the used car market into a haven for budget-conscious buyers. Driven by federal tax incentives that spiked lease rates in 2022, this supply surge is expected to peak in 2026 and 2027, offering low-mileage EVs at prices significantly below their original valuations.