From Transport Evolved.
While oil prices continue to go up as the situation in the Middle East worsens, more and more people are likely going to be investigating buying an EV for the first time – and as we noted last week – interest in EVs is already on the rise as a consequence.
But long before President Trump and Israeli Prime Minister Netanyahu began their war against Iran – in fact long before President Trump’s re-election into the White House – EV sales around the world were soaring. Driven by generous incentives, automakers began offering incredible lease deals that encouraged people to lease rather than buy – and that’s led to 2026 being the year in which many of those lease deals are ending.
That translates to the largest off-lease EV fleet ever – and more used car choice for those looking for a new-to-them EV.
So today, we’re going to explain the ins and outs of why there are so many EVs coming onto the used market this year, give you some reminders about how auto leases work – and point out some things that you need to be mindful of if you’re in the market for a used off-lease EV.
Watch our EV 101 Video for charging: https://youtu.be/BKHyAmUs2E0
Watch our buyers guide: https://youtu.be/gZUd2owo9O8
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*⏱️ Chapter Breakdown:*
00:00 – Introduction
02:12 – Some smart disclaimer
02:58 – Why there are so many off-lease cars this year
05:05 – A few years old, in good condition
05:55 – The ‘spectre of leased vehicles’
06:42 – Typical leasing structure
07:54 – Overage charges aren’t always to ‘fix’ the car
08:12 – Warranties
09:54 – Battery warranty yes… but other warranties? Meh.
11:08 – A note on subscription services
15:42 – Support the Channel!
16:12 – The most common ways off-lease vehicles are sold on
18:26 – Not all used car dealers really understand EVs
20:25 – Battery Health Checks Are Essential!
21:38 – Extended Warranties
23:28 – Some known "warranty gotchas"
25:43 – Did we mention reading the battery warranty?
27:57 – Some final tips…
29:19 – Thanks, and Goodbye!
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*👥 Today’s Sponsors*
🌱 Electric Vehicle Association – https://www.myeva.org
⚡ EnergySage – https://www.kqzyfj.com/click-101290941-16952262
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*🎙️ Credits:*
Host, Script, Editor: Nikki Gordon-Bloomfield
Color: Vi Horton
Art & Animation : Erin Carlie
Producer: Nikki Gordon-Bloomfield
Music: via Artlist.io
