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Used EV Leases Jump Post-Tax Credit, Gas Prices Spike

4/25/2026

46 8 Full Breakdown

Summary

Story summary

Leases on 300,000 two- and three-year-old electric vehicles will end in 2026.
The surge follows the September 2025 end of $7,500 tax credits, backed by President Donald Trump.
Cox Automotive director of insights Stephanie Valdez Streaty said gasoline over $4 per gallon and prices make used EVs a better value.
Cox Automotive projects lease returns to rise from 123,000 in 2025 to 600,000 in 2027 and 660,000 in 2028.

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Story summary

Leases on 300,000 two- and three-year-old electric vehicles will end in 2026.
The surge follows the September 2025 end of $7,500 tax credits, backed by President Donald Trump.
Cox Automotive director of insights Stephanie Valdez Streaty said gasoline over $4 per gallon and prices make used EVs a better value.
Cox Automotive projects lease returns to rise from 123,000 in 2025 to 600,000 in 2027 and 660,000 in 2028.