Electric Vehicle (EV) Financing Gains Momentum as the EV Tax Credit Comes to an End, According to New Data From Experian Automotive
EXPERIAN PLC S/ADR (EXPGY)
NASDAQ:AMEX Investor Relations:
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Source: Business Wire
More than 50% of consumers are opting to lease a new EV, and EVs account for 1-in-4 new leases SCHAUMBURG, Ill.--(BUSINESS WIRE)--With the electric vehicle (EV) tax credit expiring at the end of September, the market observed an increase in EV finance transactions in the third quarter of 2025. According to Experian’s (LSE: EXPN) State of the Automotive Finance Market Report: Q3 2025, EV share of new vehicle financing reached 11.36%, up from 10.14% the previous year.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251204864784/en/Experian’s State of the Automotive Finance Market Report: Q3 2025Perhaps unsurprisingly, with the expiration of the EV tax credit, the percentage of EV leasing grew significantly in Q3 2025. More than 56% of consumers opted to lease a new EV during the quarter compared to just over 46% a year ago. To better understand how the surge in EV leasing impacted the broader market, in Q3 2024, EVs made up
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