How does range affect EV lease value?

Higher-range EVs tend to hold their value better because they appeal to a wider audience. Better residual values mean lower monthly lease payments, all else being equal. However, as the EV market matures, even shorter-range vehicles are becoming more practical for daily use. For a lease, the sweet spot is typically a vehicle with 250 to 300 miles of range, which covers most real-world use cases without the premium cost of maximum-range models.