# Biden Administration

Type: government

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/biden-administration-government
Canonical HTML page: https://getfinancebrief.com/entity/biden-administration-government

## Timeline

- **2027-12-31**: Projected Peak — Used EV supply expected to double as 2024-2025 leases expire.
- **2026-01-01**: Supply Surge Begins — First major wave of 500,000 off-lease EVs hits the used market.
- **2025-03-01**: Lease Peak — EV lease rates hit a record 67% of all new EV transactions.
- **2022-08-16**: IRA Enacted — Inflation Reduction Act passes, creating the $7,500 lease loophole for EVs.
- **2022**: Leasing Boom — Automakers aggressively push EV leases to capitalize on federal credits.

## Recent coverage (1 stories)

### Used EV Supply Surge Reshapes US Auto Market as Lease Returns Peak
2026-03-25 00:28:16 · Sentiment: Bullish · Impact: 7/10 · Sources: 2

A massive wave of electric vehicles is hitting the used market in 2026 as three-year leases from the 2022-2023 period expire, driven by previous federal tax incentives. With nearly 500,000 units expected to return this year, used EVs are becoming the most cost-effective alternative to record-high new car prices and rising fuel costs.
Full story: https://getfinancebrief.com/story/used-ev-affordability-surge-2026

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