Automakers

Leasing model behind Europe's EV drive at risk of breakdown

EV charging UK Arc 2024
EVs are pictured charging in the U.K. (BLOOMBERG)
R
By:
Reuters
August 13, 2024 07:59 AM

LONDON -- Low resale values for electric cars have pushed the leasing companies that drive Europe's auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric too fast, industry executives say.

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