EV Leasing Surges to 25% of New Leases as Tax Credit Expires, Experian Reports

Reuters12-04

EV Leasing Surges to 25% of New Leases as Tax Credit Expires, Experian Reports

Experian plc's latest State of the Automotive Finance Market Report for Q3 2025 highlights significant shifts in electric vehicle $(EV)$ financing as the EV tax credit expired at the end of September. The share of EVs in new vehicle financing rose to 11.36%, up from 10.14% the previous year. Notably, over 56% of consumers chose to lease a new EV during the quarter, compared to just over 46% a year ago, making EVs account for 1-in-4 new vehicle leases. Four of the top ten leased models were EVs, with the Tesla Model Y and Model 3 leading the list. Banks maintained the largest share of automotive financing at 28.91%, while new vehicle financing overall increased to 43.27%. The average interest rate for new vehicles declined to 6.56%, though average loan amounts and monthly payments rose slightly year-over-year. The report underscores the growing influence of EVs in the automotive finance sector and the potential impact on the used car market as leased EVs return.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Experian plc published the original content used to generate this news brief via Business Wire (Ref. ID: 20251204864784) on December 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: 20251204864784) on December 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0719512351.SGD","symbol_name":"JPMorgan Funds - US Technology A (acc) SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251204:nNDLbtVZWP:1","article_id":"2588880055","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588880055","pubTimestamp":1764858620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Experian plc's latest State of the Automotive Finance Market Report for Q3 2025 highlights significant shifts in electric vehicle  financing as the EV tax credit expired at the end of September. 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The share of EVs in new vehicle financing rose to 11.36%, up from 10.14% the previous year. Notably, over 56% of consumers chose to lease a new EV during the quarter, compared to just over 46% a year ago, making EVs account for 1-in-4 new vehicle leases. Four of the top ten leased models were EVs, with the Tesla Model Y and Model 3 leading the list. Banks maintained the largest share of automotive financing at 28.91%, while new vehicle financing overall increased to 43.27%. The average interest rate for new vehicles declined to 6.56%, though average loan amounts and monthly payments rose slightly year-over-year. The report underscores the growing influence of EVs in the automotive finance sector and the potential impact on the used car market as leased EVs return.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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