EV Lease Returns are Flooding Dealers, While Gas Prices Continue to Soar
Used electric vehicles are flooding the market—and they may be the smartest automotive purchase you can make today. In this episode of The InEVitable, Ed Loh and Jonny Lieberman are joined by Jimmy Douglas, CEO of Plug Motors, to explain why falling prices, lease returns, and rising gas costs have created a once-in-a-generation opportunity for used EV buyers. The discussion explores EV depreciation, battery health myths, Tesla's used market, Rivian, Lucid, charging infrastructure, and how Plug Motors is helping dealers navigate the growing used EV market. Jimmy also shares his outlook on the future of EV adoption, autonomous vehicles, and why he believes electrification is still inevitable. Chapter Markers 0:00 - Welcome & Why Used EVs Matter Now 3:52 - Meet Plug Motors CEO Jimmy Douglas 4:02 - Ferrari's New EV Debate 11:28 - What Plug Motors Actually Does 16:03 - The Coming Wave of Used EVs 23:46 - Why Dealers Struggled with EVs 30:12 - Buy New or Buy Used? 32:03 - Best Used EV Buying Advice 40:56 - Battery Health Myths Debunked 43:52 - Selling Your EV Through Plug Motors 58:58 - Why EV Demand Is Rising Again 1:03:09 - EV Adoption Across America 1:07:22 - The Future of Autonomous Vehicles 1:10:55 - Plug Motors' Growth & Hiring 1:12:26 - Closing Thoughts MotorTrend is the ultimate destination for gearheads looking for the latest automotive research and news. Find the right car, truck or suv for you. ➡️: https://www.motortrend.com/car-finder Follow MotorTrend for the latest! MotorTrend News: https://www.motortrend.com Facebook: / motortrend Instagram: / motortrend Twitter(X): / motortrend TikTok: / motortrend MotorTrend preferred music partner: Universal Production Music MotorTrend is a fully owned subsidiary of Hearst Communications Inc.
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