Used electric car deals are coming as lease returns expected to surge

We might start to get some great used electric car deals starting in 2026 as EV lease returns are expected to surge in a big way.

While the EV revolution has been going on for over a decade now, the used EV market is still quite immature because EVs have only been delivered in large volumes for the last few years.

2026. That is going to be the year of the used EV.

J.D. Power is out with a new report that states an expected 230% increase in electric vehicle lease return in 2026:

Lease volumes for new EVs surged 355% throughout 2023 and 88% through September 2024. Franchise-only (excluding Tesla) EV lease volumes were even higher, rising 438% throughout 2023 and 109% through September 2024. As a result, returning EV lease volumes are projected to dip slightly in 2025 before spiking 230% in 2026. This trend runs counter to what’s happening industry-wide…