Why EV Leases Are So Cheap Right Now In The U.S.
Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. By May, nearly 70% of customers getting EVs through dealerships were leased. But EV leasing is problematic for carmakers. While the discounts suggest automakers could be offsetting losses in their EV businesses, the resale values are especially low for them.Chapters:
00:57 Title card: Why EVs have a leasing problem
01:04 Chapter 1: Leasing and EVs
02:54 Chapter 2: Consumers and leasing
06:10 Chapter 3: Automakers and leasing
10:02 Chapter 4: Future of EV leasing
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Rivian, Tesla, Ford, GM, Hyundai, Polestar
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