Nearly 80 percent of all EVs in the U.S. are leased, not owned, according to a recent report by Bloomberg. It also says around 55 percent of plug-in hybrids are leased.
According to the story, only 1 percent of the global market has gone electric—and the number is much smaller in the U.S.
It seems logical that savvy plug-in types prefer to lease EVs instead of owning them so that they can trade them in for new models every few years as the technology improves.
Monthly leases for a peppy little Fiat 500e can be had for as little as $182 a month, while the BMW 530e goes for around $600 a month.
Because of the current imbalance of leasing versus owning, it’s actually a deal to buy a used EV. They tend to sell for much less than secondhand ones that run on gas. Of course, you won’t get the $7,500 federal tax credit, but you can find EVs for a fraction of their original sticker price.
A recent search on Craigslist in Los Angeles yields used, low-mileage and late-model Nissan Leafs in the $5,000 to $7,000 range.
A 2018 Leaf starts at $30,875 and offers up to 150 miles on a charge, and a longer-range version with around 225 miles is on the way. Compare that to a range of 107 miles on the previous Leaf. Still, the old model can be a good deal if you don’t mind being a plug-in pioneer.
The post Almost 80 Percent of Electric Cars Are Leased, Report Says appeared first on Motor Trend.
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