Rising gas prices could provide a welcome boost to the electric vehicle market, as a surge in off-lease EVs threatens to flood the used car market. With an increasing number of owners returning their leased EVs to dealerships, concerns have been growing about a potential glut of used electric vehicles. However, as gas prices continue to climb, the value of these off-lease EVs may increase, making them more attractive to buyers who are looking to save on fuel costs. As the EV market continues to evolve, this shift in the used car landscape could have significant implications for the industry.
Gas prices might help offset glut of off-lease EVs WardsAuto
