Electric Car Depreciation
How EVs hold their value
Electric vehicles have, on average, depreciated faster than comparable gas cars. Rapid improvements in range and charging, frequent new-car price cuts, and shifting tax incentives all push used EV values down. Here's how the EVs in our data have held up.
Electric models by value retention
Why EVs depreciate quickly
Three forces compound: battery technology keeps getting better (making older packs feel dated), manufacturers cut new-car prices (which drags down used values overnight), and federal incentives change the effective price buyers will pay. Together they've made several EVs among the fastest-depreciating vehicles on the market.
The flip side: used EVs can be remarkable value. A three-year-old electric car often costs far less than a comparable gas model while being cheaper to run.
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Look up resale value and depreciation for any make, model, or VIN.
Estimates are for informational purposes only and are not a guarantee of value.