Consumers Leasing EVs at a High Rate, Accounting for Nearly 1-in-5 of All New Leases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
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Source: Businesswire
Leasing Trends in Electric Vehicles: Over 50% of new electric vehicle (EV) purchases were leases in Q4 2024, a significant increase from just 2.11% in Q4 2020, with the Tesla Model 3 leading as the most leased EV.
Market Shifts and Financing Insights: The automotive finance market is seeing a shift towards late-model vehicles and increased leasing due to lower interest rates and manufacturer incentives, while average loan amounts for both new and used vehicles have decreased.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
