not many people know
Paul Homewood
I've been warning about this for a long time:
The fleet news story mentioned is here.
As the report points out, leasing companies have been coping successfully so far, as they are currently dealing with only a small number of end-of-lease vehicles — cars that were originally leased three years ago, when EV sales were much lower. These losses can easily be included in the profit on the resale of the petrol/diesel car.
But soon they will be dealing with a greater number of electric cars, and a smaller number of profitable internal combustion engine cars.
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