# Recurrent

Type: Company

Source: Climate Intelligence Brief — https://getclimatebrief.com/entity/recurrent
Canonical HTML page: https://getclimatebrief.com/entity/recurrent

## Timeline

- **2027-12-31**: Market Saturation — Projected return of nearly 1 million EVs to the used market, further driving down prices.
- **2026-03-24**: Supply Influx — The first major wave of 500,000 three-year EV leases begins to expire, flooding the used market.
- **2025-03-01**: Lease Peak — EV lease rates reach a record 67% of total sales as consumers exploit the credit loophole.
- **2022-08-16**: IRA Signed — The Inflation Reduction Act introduces the $7,500 EV tax credit with a leasing provision.

## Recent coverage (1 stories)

### Used EV Market Surge: Why 2026 is the Year of the Affordable Electric Car
2026-03-25 00:27:43 · Sentiment: Positive · Impact: 7/10 · Sources: 2

A massive wave of 500,000 electric vehicles is hitting the used market in 2026 as leases from the 2022-2023 period expire. Driven by federal tax credit incentives, this supply surge is making used EVs the most cost-effective entry point for American drivers facing high gas prices and new car costs.
Full story: https://getclimatebrief.com/story/used-ev-market-affordability-surge-2026

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