Leasing model behind Europe’s EV drive at risk of breakdown

European auto leasing firms have doubled electric vehicle (EV) lease prices over the past three years due to low resale values. This price jump, coupled with subsidy cuts, is slowing EV adoption in Europe. Leasing companies, which dominate the EV market, are concerned about potential losses and warn they may exit if forced to electrify too quickly. The situation is compounded by sliding second-hand EV prices and the pivotal role leasing plays in Europe’s auto market. Reuters