COMMENTARY: Lessors are still not planning for the eventual shift to electrification

STAMFORD, Conn. – 

Prior to the COVID-19 pandemic’s effects on the automotive industry, electric vehicles (EV) were increasingly grabbing headlines even though the sales of these vehicles were miniscule compared with gas-powered cars and trucks. In fact, the combined annual sales of battery electric vehicles and plug-in hybrid electric vehicles tipped over the two-million-vehicle mark for the first time in 2019.

While this milestone was notable for EV fans worldwide, it still paled in comparison to overall annual new vehicle sales, which consistently neared 17 million prior to the pandemic. Nevertheless, changing consumer behaviors and a rapidly increasing focus toward

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