EV leases hit record high, nearly 1 in 5 new car leases
What’s happening: U.S. consumers are leasing electric vehicles (EVs) at an unprecedented rate, with EVs accounting for 19.9% of all new leases in Q4 2024, according to Experian’s latest automotive finance report. That’s a massive leap from just 2.11% in Q4 2020. Why it matters: Leasing is making EVs more accessible to the average buyer….