In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of them were EVs. By May, nearly 70% of customers getting EVs through dealerships were leased. But EV leasing is problematic for carmakers.
These numbers are partly because automakers are offering steep incentives. While discounts suggest automakers could be offsetting losses in their EV businesses, the resale values are especially low for them and can really hurt the companies long-term..
