North American Electric Vehicle Leasing Growth Opportunities

While Electric Vehicle Leasing Revenue is Set to Cross $4.0 Billion per Annum by 2026, Market Participants Should Devise Flexible Operational Leasing Contracts with Shorter Contract Periods to Drive Demand for their Product Offerings

Vehicle leasing solves several challenges associated with an organization's mobility needs, such as vehicle funding, fleet maintenance, and residual risk. To focus on their core products and services, businesses have to outsource support activities related to mobility, ranging from fleet purchasing to remarketing. Without an expert team on the job, each segment of the value chain faces challenges, such as cost spikes, utilization mismatches, irregularities in fleet maintenance, and dips in residual value. Leasing enables hassle-free on-demand mobility and provides access to fleet after-service facilities, in addition to a host of other benefits. The high demand for these services and facilities has driven the growth and regulation of the leasing ecosystem.

This study examines the North American electric vehicle leasing market across the passenger vehicle (PV) and light commercial vehicle (LCV) segments and provides sales/parc data and revenues for the total market, corporate operational leasing, corporate financial leasing, and private operational leasing, with a focus on the development and growth potential of these segments. The analysis accounts for historical data, current market conditions, and insights and opinions collected from market participants to provide a 5-year outlook on growth opportunities. In addition to market data for portfolios (PV and LCV), the study provides competitor data for the leading leasing service providers in North America for 2021, the base year.

Industry evolution begins with transformational trends linked to regional macroeconomic factors. The emerging business models poised to shape the market and reflect innovations in mobility solutions, such as rentals, car sharing, integrated mobility, and alternative powertrains, are also covered. The study provides a 360-degree understanding of the North American electric vehicle leasing market.