this post was submitted on 17 Oct 2024
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Electric Vehicles

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34
Nearly 80% Of New EVs Are Leased: Dealer Data (insideevs.com)
submitted 5 days ago by MyOpinion@lemm.ee to c/evs@lemmy.world
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Leasing has swiftly taken over the electric-vehicle market. Nearly 80% of new EVs bought at dealerships are now leased, according to Edmunds data cited by The Wall Street Journal.

That’s up from 16% at the beginning of last year, per Edmunds. And it’s at least triple the industry average, which sits around 20%. One caveat: since we’re talking about EVs bought at dealerships, these figures exclude direct-to-consumer EV makers like Rivian, Lucid and (most importantly) Tesla. Tesla tends to push leases less than many conventional brands, too. Since it makes the three best-selling EVs on sale, the full-market figure is likely considerably less than 80%.

Still, the rise of leasing is among the strangest dynamics in today’s EV market, and the long-term impacts could be immense.

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[–] umbrella@lemmy.ml 8 points 4 days ago (1 children)

tbf that dealership middleman system is cancer

[–] Boomkop3@reddthat.com 4 points 4 days ago

...and corrupt :/