Wed. Oct 4th, 2023
    Tesla Model 3 Makes History as the First Electric Vehicle in America’s Top 10 Leased Vehicles

    The Tesla Model 3 has achieved another groundbreaking milestone for electric vehicles (EVs) in America. In the second quarter of 2023, the Model 3 became the seventh-most leased vehicle in the country, making it the first EV to crack into the top 10 on the new vehicle leasing charts. This achievement is a significant step forward for the EV market as it demonstrates the growing popularity and acceptance of electric cars.

    During this period, approximately 25 percent of all Tesla Model 3s on the road were leased. Moreover, the electric sedan accounted for 1.79 percent of all leased new vehicles, further solidifying its position among the most sought-after leased cars in America. Comparatively, only 16 percent of new Model 3s were leased in the second quarter of the previous year, highlighting the increasing interest in leasing electric vehicles.

    This achievement for the Model 3 surpasses established gas-powered vehicles like the Honda Civic, Ram 1500, and Jeep Wrangler, solidifying its place in the automotive market. As the demand for EVs continues to rise, this milestone paves the way for other electric cars to make similar breakthroughs in the leasing market.

    Leasing has become an attractive option for many consumers who want to experience the benefits of driving an EV without committing to a long-term purchase. Leasing allows individuals to enjoy the latest electric car technology without the financial burden of ownership, making it an appealing choice for those who want to explore the world of electric mobility.

    This achievement serves as a testament to Tesla’s success in the electric car industry. With their commitment to innovation and sustainability, Tesla has continuously pushed the boundaries of what electric vehicles can achieve. As the popularity and accessibility of EVs continue to grow, it is likely that more electric cars will follow in the footsteps of the Tesla Model 3 and make their mark in the leasing market.

    – Carscoops (URL: [source])