EV Leasing Surges to 25% of New Leases as Tax Credit Expires, Experian Reports
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Experian's Q3 2025 report reveals a rise in EV leasing to 25% of new leases as the EV tax credit expired. EVs now make up 11.36% of new vehicle financing, with over 56% of consumers opting to lease. Tesla's Model Y and Model 3 are top leased models. Banks hold 28.91% of automotive financing, and new vehicle financing increased to 43.27%. Average interest rates for new vehicles fell to 6.56%, while loan amounts and monthly payments rose slightly.
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