Report: Auto Finance Departments Worried About Losing Billions On Used EVs (opens in new tab)

Automakers are apparently worried about losing billions of dollars thanks to the steep deprecation curve on all-electric vehicles. The industry expected them to be worth significantly more and are reportedly growing extremely concerned as demand remains low while leased EVs come back to dealerships. At the core of this issue is everyone’s inability to correctly predict the future. Automakers and government regulators pushed aggressively for all-electric vehicles to supplant combust…