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Lidl Group stops buying company EVs:Why the Schwarz group is turning back to ICE

businessinsider.de

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Re: Lidl Group stops buying company EVs:Why the Schwarz group is turning back to ICE

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>The reason for the reversal is purely economic: The company buys company cars directly and later resells them as used cars. Unlike most companies, Schwarz does not rely on leasing. That is precisely what is now becoming a problem.

>This is because electric cars are losing value dramatically on the German used-car market. Demand for used electric cars remains weak.