#federalevtaxcredits

Beyond tracking your credit score, Experian tracks trends and data in the automotive industry, including the most popular leased models. While the list is typically dominated by high-volume gas vehicles like the Ford F-150 and Nissan Rogue, the Tesla Model 3 is on a run that made it the first EV to make the top 10 most leased vehicles in the second quarter of 2023.

Though their electric vehicle lines are among the most compelling new zero-emissions models, Kia and Hyundai’s EVs don’t currently qualify for federal tax credits because of where they’re built. Both are working toward bringing EV production to the U.S., but in the meantime, Kia is looking to take advantage of a little-known provision in the new rules that allow customers to receive the credit on ineligible vehicles when leasing.