# Biden Administration

Type: government

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

## Timeline

- **2027-01-01**: Projected Peak — Lease returns expected to double as 2024 cohorts expire.
- **2026-03-24**: Supply Surge — First major wave of 500,000 lease returns hits the used market.
- **2025-03-01**: Lease Peak — EV lease rates hit a record 67% of all new EV transactions.
- **2023**: Leasing Boom — Automakers aggressively use lease credits to lower monthly payments.
- **2022-08-16**: IRA Enacted — Inflation Reduction Act introduces $7,500 lease credit loophole.

## Recent coverage (1 stories)

### Used EV Glut Drives Unprecedented Affordability in U.S. Auto Market
2026-03-25 00:27:09 · Sentiment: Bullish · Impact: 7/10 · Sources: 2

A massive influx of electric vehicles coming off three-year leases is transforming the used car market into a haven for budget-conscious buyers. Driven by federal tax incentives that spiked lease rates in 2022, this supply surge is expected to peak in 2026 and 2027, offering low-mileage EVs at prices significantly below their original valuations.
Full story: https://getretailbrief.com/story/used-ev-market-affordability-surge-2026

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