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Photo Credit:Fair Use [17 U.S.C. § 107] Tesla Model 3 is the US leaders in leasing market share.

The Next Wave Of EV Adoption Is Coming As Leases Roll Off

04 Jul 2025 | Abstracted from Axios

"Nearly 1 million EVs were leased from the beginning of 2022 through the first quarter of 2025...EV lease rates jumped from around 15% in 2022 to 67% by March 2025. Tesla, in particular

"Roughly 123,000 leased EVs (+ PHEVs) will return to the secondhand market this year...In 2026, the number will more than double to 329,000 EVs. By 2027, 650,000 leased EVs will be turn in."



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