What is the story about?
What's Happening?
Experian has released data indicating a continued rise in electric vehicle (EV) leasing in the second quarter of 2025. According to the report, 58 percent of new-EV customers opted to lease their vehicles, up from 47 percent during the same period in the previous year. This trend reflects growing consumer interest in flexible ownership models and the appeal of leasing as a cost-effective way to access new technology without long-term commitments.
Why It's Important?
The increase in EV leasing is significant for the automotive industry, as it suggests a shift in consumer preferences towards more flexible and financially accessible vehicle ownership options. Leasing allows consumers to experience the benefits of electric vehicles without the upfront costs associated with purchasing. This trend could drive further growth in the EV market, encouraging manufacturers to offer more leasing options and potentially influencing the development of new models tailored to leasing customers.
What's Next?
Automakers may expand their leasing programs to accommodate the growing demand for EVs, offering competitive terms and incentives to attract consumers. Financial institutions and leasing companies could also innovate their offerings to capture this market segment. The trend may lead to increased investment in EV infrastructure and technology to support the leasing model.
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