EV Leasing Boom: Why 67% of Tesla and Electric Vehicles Are Leased

EV Leasing Boom: Why 67% of Tesla and Electric Vehicles Are Leased

Hey everyone, DennisCW here! Today, I’m diving into some fascinating new data about the electric vehicle (EV) market that’s got everyone talking. According to a recent study from Cox Automotive, shared by Car Dealership Guy, EV leasing has skyrocketed from just 15% in 2022 to a staggering 67% by March 2025. That’s a massive shift in how people are getting behind the wheel of Tesla and other electric vehicles. Let’s unpack why this is happening, what it means for the future, and whether leasing or buying is the right move for you.

The Tax Credit Loophole Driving the Surge

The biggest driver behind this leasing boom? A tax credit loophole that has moved over 1 million vehicles. This loophole allows anyone to qualify for a $7,500 tax credit on an EV lease, making it an incredibly attractive option for many. However, there’s a deadline looming—this tax credit is set to end on September 30th. If you’ve been considering leasing a Tesla or another EV to take advantage of this deal, the clock is ticking!

Leasing has become a go-to for many because of the lower monthly payments compared to buying, especially with some of the crazy deals we’ve seen. For example, you can lease a Hummer EV SUV for $731 a month or a BMW i4 for just $486 a month. These kinds of offers have been around for a while, and they’ve clearly played a role in pushing leasing numbers through the roof.

What Happens When These Leases End?

Here’s where things get really interesting. When all these leased vehicles come off their terms, they’re going to flood the used car market. This could be a game-changer for anyone looking to snag a used Tesla or other EV at a lower price. With so many lease returns expected in the coming years, the used EV market is likely to see a significant boost in inventory, potentially driving prices down and giving buyers more options.

This trend could be a double-edged sword, though. While it’s great for used car shoppers, it might put pressure on manufacturers and dealerships to adjust pricing or offer even more competitive lease deals to keep new EV sales strong. Only time will tell how this plays out, but it’s definitely something to keep an eye on.

Lease or Buy: What’s Your Move?

So, where do you stand? Are you someone who prefers to lease your Tesla or EV for the lower monthly payments and flexibility, or do you like to buy and own your vehicle outright? With the $7,500 tax credit ending soon, now might be the perfect time to make a decision if you’re leaning toward leasing. I’d love to hear your thoughts—drop a comment below and let me know if you’re team lease or team buy!

A Quick Shoutout to Mini Revs

Before we wrap up, I’ve got something fun to share. If you’re hunting for a deal on a Tesla, what if I told you that you could get one for free this month? Say hello to Mini Revs, the ultimate Tesla miniature company! These aren’t just toys; they’re insanely accurate replicas that bring Tesla’s cutting-edge design right to your desk. Check out their epic black Cybertruck model (complete with a tiny ATV!).

Right now, Mini Revs is running an amazing giveaway. Use promo code Dennis when ordering your Mini Rev to get 10% off, and two random orders this month will win a free Cybertruck with their purchase. We checked in with Mini Revs recently, and only a handful of people have ordered so far, which means your odds of winning are pretty high! Don’t miss out—head to the link in the description to check out Mini Revs and support the channel. As my friend Matt put it, these are basically the Hot Wheels of 2025 for Tesla fans.

Final Thoughts

The EV leasing boom is a clear sign of how incentives like tax credits can shape consumer behavior in a big way. With 67% of Tesla and other electric vehicles now being leased, we’re witnessing a shift that could redefine the automotive market, especially when these vehicles hit the used market in the coming years. Whether you’re in the market for a new EV or just curious about the trends, it’s an exciting time to be part of the electric revolution.

Thanks for reading, everyone! Don’t forget to share your leasing vs. buying opinions in the comments, and check out Mini Revs for a chance to win a free mini Cybertruck. Until next time, this is DennisCW signing off!

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