Sales of used EVs surge in US as petrol prices pass $4 a gallon

April 6, 2026

Financial Times: Analysts attribute the surge to a glut of hundreds of thousands of cheap pre-owned EVs that were purchased on leases in the early 2020s and which are now returning to market as those leases expire. According to credit bureau Experian, EVs will account for 15 per cent of all off-lease vehicles at the end of this year, up from 7.7 per cent in the first quarter…