From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

I’ve been warning about this for a long time:

The FleetNews report referred to is here.

As the report points out, leasing companies have managed to cope so far because they are only dealing with a small number of end of lease cars at the moment – cars originally leased three years ago when EV sales were much lower. Losses on those can easily be contained within the profits made from reselling petrol/diesel cars.

But soon they will be dealing with much greater volumes of EVs, along with lower volumes of profitable ICE cars.