Almost 3 out of every 4 EV's on the road (excluding Teslas) have been leased according to Edmunds and CNBC.
They liken the buying habits of EV owners to those of smartphone shoppers. EV drivers are more likely to be early adopters but resist full ownership knowing that better batteries, better technology and better range is coming. Or so the logic goes.
The continual march of technology exacerbates the leasing decision, rapid technological advancement renders ever last years technology 'obsolete', severely impacting resale and residual values.
“Typically, you would have about 40 to 50 percent retention from three years after vehicle is new. EVs are only at 25 to 30 percent retention from their original price, even after factoring in the $7,500 federal incentive,” Anil Goyal, vice president of automotive valuation and analytics at Black Book, told CNBC.
According to the data the number of leases is coming down, percentage wise. From its 2013 peak of 84.3% it is now down to 74.9% in 2015. Still far higher then the 28% lease penetration for all vehicles.
Check out the CNBC report for all the dirty data.