CLIMATE CONVERSATIONS: Used Electric Vehicles Could Reduce Pain at the Pump

Nothing like a war in the Mideast to highlight another reason why fossil fuels are our past, not our future. EV owners can happily ignore the $6 per gallon budget buster. Drivers experiencing pain at the pump are looking to buy EVs, but affordability and the lack of the past incentives from the Inflation Reduction Act can make an EV purchase out of reach.

That may change soon. A loophole in the Inflation Reduction Act for leased cars made it possible for nearly all electric vehicles to qualify. Leased cars are usually turned back into the dealers within two to three years and we’re now three years out from the EV subsidies. That means that lightly used EVs will be showing up at dealerships soon.

“More than 300,000 electric vehicles are expected to come off lease in 2026 alone, and they are about to flood the used car market,” Simran Rastogi of Autoblog writes. Read more about this and the used EV market HERE.