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Cheap Used EVs Will Flood The Market In The Next Two Years, Experts Say
Over a quarter of a million EVs will come off lease by the end of 2026, so keep your eyes peeled for deals.
Power, over a quarter of a million EV leases will end by the time 2026 comes to a close, flooding the market with potentially very affordable battery-powered cars. But there’s more good news: the people returning their slightly used EVs might find it cheaper to just lease a new one instead of buying off their two- or three-year-old car when the contract ends. This means the buyout price for most electric compact SUVs is higher than the $25,000 threshold that would qualify for the used EV tax credit.
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