Anyone following EVs for a while is probably familiar with the cheap lease deals that have become common, as manufacturers have needed to lure more buyers in order to sell EVs.
Take for example the Chevrolet Spark EV, which has been available around $140 per month or less, with nothing down, on subsidized leases:
http://insideevs.com/chevrolet-spark-ev-lease-deal-leads-buying-frenzy/
GM, Fiat, VW, and others have had to subsidize the leases through artificially high lease residual figures in order to write these leases cheaply enough and move the cars off the lot.
I'm thinking the Bolt's 200 mile range will be popular enough that GM won't need to subsidize these leases, or at least not nearly as much.
So will the Bolt mean the end of the cheap EV lease deal? I'm thinking it will end the cheap leases from Chevrolet, but now VW and Fiat are going to have to work extra hard to move their EVs...maybe we'll see an insane Fiat 500e or Nissan Leaf lease deal in the future? How will they be able to compete against the Bolt on any level but price?
Take for example the Chevrolet Spark EV, which has been available around $140 per month or less, with nothing down, on subsidized leases:
http://insideevs.com/chevrolet-spark-ev-lease-deal-leads-buying-frenzy/
GM, Fiat, VW, and others have had to subsidize the leases through artificially high lease residual figures in order to write these leases cheaply enough and move the cars off the lot.
I'm thinking the Bolt's 200 mile range will be popular enough that GM won't need to subsidize these leases, or at least not nearly as much.
So will the Bolt mean the end of the cheap EV lease deal? I'm thinking it will end the cheap leases from Chevrolet, but now VW and Fiat are going to have to work extra hard to move their EVs...maybe we'll see an insane Fiat 500e or Nissan Leaf lease deal in the future? How will they be able to compete against the Bolt on any level but price?
