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In this paper we explore the factors that influence plug-in electric vehicle (PEV) buyers' decision to lease or purchase a PEV. We estimate a binary logistic regression model using survey data of 9,472 PEV owners in California, surveyed between 2015 and 2018. Several factors influencing the purchase versus lease decision are identified; battery electric vehicles (BEVs) are more likely to be leased over plug-in hybrid electric vehicles (PHEVs). Results show a positive association between electric range and likelihood of purchasing BEVs, but a negative association for PHEVs. Sociodemographic factors such as living in a single-family home, homeownership, and having at home solar panels are associated with purchasing. An increase in the stated importance of high occupancy vehicle/carpool lane access is associated with the decision to lease, but an increase in state rebate importance is associated with the …