Automakers

VW plans used-vehicle leases for EVs

The battery-powered VW ID4 is a key model in the brand's electric push
VW CEO Diess said an EV's battery's value survives even as the value of the car surrounding it depreciates over time. The VW ID 4 is pictured.
September 06, 2021 03:17 PM

MUNICH -- Volkswagen plans to crack an industry barrier and offer used-vehicle leases on its ID family of electric vehicles, including those in North America, as a strategy to keep control over their valuable batteries, VW executives told Automotive News Europe sister publication Automotive News.

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