Hyundai

Company HYMTF

Last mentioned: Mar 25, 2026

Timeline

  1. Market Saturation

    Projected return of nearly 1 million EVs to the used market, further driving down prices.

  2. Projected Peak

    Used EV supply expected to double as 2024-2025 leases expire.

  3. Supply Influx

    The first major wave of 500,000 three-year EV leases begins to expire, flooding the used market.

  4. Supply Surge Begins

    First major wave of 500,000 off-lease EVs hits the used market.

  5. Lease Peak

    EV lease rates reach a record 67% of total sales as consumers exploit the credit loophole.

  6. Lease Peak

    EV lease rates hit a record 67% of all new EV transactions.

  7. IRA Signed

    The Inflation Reduction Act introduces the $7,500 EV tax credit with a leasing provision.

  8. IRA Enacted

    Inflation Reduction Act passes, creating the $7,500 lease loophole for EVs.

  9. Leasing Boom

    Automakers aggressively push EV leases to capitalize on federal credits.

Stories mentioning Hyundai 4

markets Bullish

Used EV Supply Surge Reshapes US Auto Market as Lease Returns Peak

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.

2 sources
consumer-trends Neutral

Hyundai Kona: Major Refresh for Australia's Top-Selling Small SUV

Hyundai is preparing a significant mid-cycle upgrade for the Kona, currently Australia's best-selling small SUV, to maintain its market dominance. Reports suggest the refresh will be more substantial than typical cosmetic updates, signaling a strategic move to counter rising competition in the segment.

9 sources