Can EVs help solve the affordability crisis? Dave Thomas from CDK talks it out

As the average transaction price of a new car creeps towards $55,000, a coming wave of low mile, off-lease EVs with massive depreciation could help car dealers solve the affordability crisis, combat sticker shock, and move more units. CDK's David Thomas talks us through it on today's surprisingly affordable episode of Quick Charge. A tidal wave of EVs leased in the early-2020s is about to come back to dealers, with over 300,000 electric lease returns expected in 2026 alone, and many hundreds of thousands more every year thereafter just as used values fall and fuel prices climb. For dealers and buyers alike, that volatility could turn what looks like a resale disaster on paper into one of the biggest affordability opportunities the car market has seen in years. Source Links US average new car price tops $50k for the first time – here’s why Used Tesla prices rise 4% while rest of EV market drops after tax credit ends Forget what you’ve heard – leasing your car is almost ALWAYS the right move Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple Podcasts, Spotify, TuneIn, and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are (allegedly) recorded several times per week, most weeks. We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage podcast series. Got news? Let us know!Drop us a line at [email protected]. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show. If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.  Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.