Data-Driven Insights: Analyzing the 14 Used Electric Cars with the Highest Depreciation Rates for 2025

For many car buyers, a vehicle represents one of the most significant investments they will make, second only to a home. Understanding how that investment will perform over time, particularly its depreciation, is crucial. While we often celebrate vehicles that tenaciously hold onto their value, offering a strong return at trade-in time, a recent deep dive into the used car market reveals a less optimistic picture for certain segments, especially within the rapidly evolving electric vehicle landscape.

Predicting a vehicle’s future worth half a decade down the road is notoriously challenging, often subject to unforeseen variables that can dramatically alter market dynamics. The COVID pandemic, for instance, upended traditional supply and demand, causing used-car values to soar unexpectedly. However, to provide a clearer, data-backed perspective, iSeeCars.com undertook an extensive study, analyzing transaction prices of 800,000 five-year-old used cars sold from March 2024 to February 2025. This research provides a tangible look at what value has actually been lost or preserved.

While mainstream trucks, SUVs, and sports cars typically top the lists for best resale values, our focus shifts to the other end of the spectrum: models that have delivered the biggest depreciation hit to their owners. This ‘rogues gallery’ is notably dominated by luxury vehicles, which historically shed value faster than their mainstream counterparts, and a growing number of full-electric vehicles. According to iSeeCars, the overall depreciation rate among five-year-old electric cars is a stiff 58.8%, significantly higher than the industry average of 45.6% across all vehicle segments. This article delves into the specific models experiencing the most severe depreciation, drawing on both iSeeCars’ five-year study and additional insights from The Electric Car Scheme’s analysis of annual value loss.

1. **Jaguar i-Pace EV**This electric luxury SUV stands at the top of the depreciation heap, shedding a staggering 72.2% of its original value over a five-year ownership period, according to iSeeCars’ comprehensive study. This translates to an average monetary loss of $51,953, making it a particularly harsh blow for its original owners. Such a rapid decline underscores the challenges faced by premium EVs in the secondhand market.

Karl Brauer, Executive Analyst at iSeeCars, explains this phenomenon: “While a premium badge and the increased performance or luxury features that come with it are often sought out by new car buyers, the used car market doesn’t prioritize those traits to the same degree, thus the consistently higher depreciation for luxury models.” The i-Pace perfectly embodies this trend, combining a high initial MSRP with the inherent volatility of early EV technology.

The i-Pace’s status as a “kilowatt-powered luxury SUV” positions it at the intersection of two depreciation-prone categories: high-end luxury vehicles and cutting-edge electric models. For prospective used EV buyers, this significant drop in value presents a compelling opportunity to acquire a sophisticated vehicle at a substantial discount, albeit one that comes with a history of rapid depreciation. This dynamic is a critical consideration for anyone evaluating the long-term cost of EV ownership.

Car Model Information: 2023 Buick Enclave Essence
Name: Jaguar I-Pace
Manufacturer: Jaguar Land Rover
Production: 2018–2024
Assembly: Magna Steyr
Designer: Ian Callum
Class: Executive car
BodyStyle: hatchback
Layout: all-wheel-drive
Platform: Jaguar Land Rover car platforms#D7e
Motor: Permanent magnet synchronous motor
Abbr: on
Transmission: 1-speed direct-drive reduction
Battery: kW·h,Lithium-ion battery
ElectricRange: United States Environmental Protection Agency
Charging: 11kW AC (7.4kW “1-phase/32A only” AC 2018–2020),100 kW DC
Wheelbase: 2990 mm
Length: 4682 mm
Width: ubl
Height: 1565 mm
Weight: 2133 kg
Sp: uk
Categories: 2020s cars, All-wheel-drive vehicles, All Wikipedia articles written in British English, All accuracy disputes, All articles lacking reliable references
Summary: The Jaguar I-Pace (stylised as I-PACE) is a battery-electric car produced by Jaguar Land Rover (JLR) under their Jaguar marque. A five-door executive car with a hatchback, the I-Pace was announced in March 2018, with European deliveries beginning in June 2018 and North American deliveries starting in October 2018. The I-Pace was discontinued in 2024 due to slowing sales and a change in corporate vision.

Get more information about: Jaguar I-Pace

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Brand: Jaguar Model: i-Pace EV
Price: $35,995 Mileage: 31,706 mi.

2. **Tesla Model S EV**The Tesla Model S, a pioneer in the electric vehicle revolution, has not been immune to the forces of depreciation, losing an average of 65.2% of its original MSRP over five years. This substantial depreciation represents an average financial hit of $52,165, placing it firmly among the electric models struggling to retain value in the used market. Its inclusion here highlights a broader trend affecting even established EV players.

According to iSeeCars, this depreciation rate is part of a larger pattern where “three of the worst offenders in this regard come from beleaguered Tesla and the fallout from eccentric CEO Elon Musk’s foray into federal governance.” While the exact mechanisms are complex, brand perception and public sentiment can undeniably influence resale values, especially for a brand with such a prominent and often controversial figurehead.

For a vehicle once considered the pinnacle of electric luxury and performance, the Model S’s rapid value decline signals a maturing market where even leading brands must contend with evolving consumer expectations and rapid technological advancements. Buyers of new Model S vehicles might face a stark reality at trade-in time, demonstrating that innovation alone does not guarantee robust resale value. This outcome underscores the importance of considering future resale potential when investing in high-tech automobiles.

Car Model Information: 2023 Buick Enclave Essence
Name: Tesla Model S
ModelYears: 2013–present
Alt: A front-three quarter view of a gray Model S
Caption: #2016–2019: First major update
Designer: Franz von Holzhausen
Weight: cvt
Height: cvt
Width: cvt
Length: cvt
Wheelbase: cvt
ElectricRange: cvt
Battery: kWh,lithium-ion battery
Motor: Unbulleted list
Transmission: Reduction drive
Related: Tesla Model X
Layout: Rear-motor, rear-wheel drive,Dual-motor, all-wheel-drive,Tri-motor, all-wheel-drive layout
BodyStyle: liftback,sedan (automobile)
Class: Full-size car
Assembly: Unbulleted list
Production: June 2012 – present
Manufacturer: Tesla, Inc.
Sp: us
Chassis: Unibody
Categories: 2020s cars, All-wheel-drive vehicles, All Wikipedia articles written in American English, All articles containing potentially dated statements, Articles containing potentially dated statements from 2025
Summary: The Tesla Model S is a battery-electric, four-door full-size car produced by the American automaker Tesla since 2012. The automaker’s second vehicle and longest-produced model, the Model S has been described as one of the most influential electric cars in the industry. Car and Driver named it one of the best cars of the year in 2015 and 2016. Its various accolades include the Motor Trend Car of the Year Award in 2013. Tesla started developing the Model S around 2007 under the codename WhiteStar, with Henrik Fisker appointed as lead designer for the project. After a dispute with Elon Musk, Tesla’s CEO, Fisker was replaced by Franz von Holzhausen who, by 2008, had designed the production Model S’s exterior. Tesla unveiled a prototype of the vehicle in March 2009 in Hawthorne, California. In 2010, Tesla acquired a facility in Fremont, California, to produce the Model S, which was previously owned by General Motors and Toyota. Series manufacture of the car officially began at the Tesla Fremont Factory in June 2012. Tesla carried out the final assembly for European markets at its facilities in Tilburg, Netherlands, between 2013 and 2021. Constructed mostly of aluminum, the Model S shares 30 percent of its components with the Model X—a crossover SUV that was introduced in 2015. The Model S has undergone several updates during its production, the most prominent ones occurring in 2016 and 2021. These updates have usually included modifications to the motor, such as changes to power or torque, revised exterior elements, and refreshed interior features. One such change included the 2015 introduction of Tesla Autopilot—a partial vehicle automation advanced driver-assistance system. The 2021 update led to the introduction of the high-performance, three-motor Plaid—Tesla’s most powerful model. In 2015, the Model S was the world’s best-selling plug-in electric vehicle. In 2012, it was included on Time’s list of the Best Inventions of the Year, and the magazine later included it on its list of the 10 Best Gadgets of the 2010s in 2019. In 2014, The Daily Telegraph described the Model S as a “car that changed the world”. Road & Track argued that, with the introduction of the Plaid and features such as the yoke steering wheel, Tesla managed to turn the Model S into “perhaps one of the worst [cars in the world]”.

Get more information about: Tesla Model S

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Price: $35,995 Mileage: 31,706 mi.

3. **Nissan Leaf EV**The Nissan Leaf, an early entrant and popular choice in the mainstream EV market, experiences a significant depreciation rate of 64.1% over a five-year period. This translates to an average loss of $18,043 from its original MSRP, making it one of the top depreciators among electric vehicles. Unlike its luxury counterparts, the Leaf’s depreciation hits a different segment of the market, specifically targeting more cost-conscious early adopters.

One of the primary drivers behind the Leaf’s substantial value loss is the rapid evolution of EV battery technology and range. As the context notes, “The maximum available EV range for example has more than doubled in the last decade, and the median range has tripled.” Earlier models like the Leaf, with their often shorter ranges and slower charging capabilities, become less desirable as newer, more capable models enter the market.

The relatively lower initial price point of the Leaf compared to luxury EVs means the dollar amount lost is less, but the percentage of value vanished is still remarkably high. This makes the Nissan Leaf a prime example of how quickly first-generation electric vehicles can lose appeal and monetary worth, challenging the long-term investment perspective for cost-conscious buyers in the early EV adoption phase. Understanding this trend is crucial for those entering the used EV market.

Car Model Information: 2018 Nissan Titan SV
Name: Nissan Leaf
Caption: Third generation Nissan Leaf
Manufacturer: Nissan
Production: October 2010 – present
ModelYears: 2011–present
Class: Unbulleted list
BodyStyle: Unbulleted list
Layout: Front-engine, front-wheel-drive layout
Predecessor: Unbulleted list
Categories: 2020s cars, All articles containing potentially dated statements, All articles with dead external links, Articles containing Japanese-language text, Articles containing potentially dated statements from December 2015
Summary: The Nissan Leaf (Japanese: 日産・リーフ, Hepburn: Nissan Rīfu; stylized as LEAF) is a battery-electric car manufactured by Nissan, produced since 2010. It was offered exclusively as a 5-door hatchback which since then has become a crossover SUV model. The term “LEAF” serves as a backronym to leading environmentally-friendly affordable family car. The Leaf was unveiled on 1 August 2009 as the world’s first mass market electric and zero-emission vehicle. Among other awards and recognition, it received the 2010 Green Car Vision Award, the 2011 European Car of the Year, the 2011 World Car of the Year, and the 2011–2012 Car of the Year Japan. The Leaf’s range on a full charge has been steadily increased from 117 km (73 miles) to 364 km (226 miles) (EPA rated) by the use of larger battery packs and several minor improvements. As of September 2021, European sales totalled more than 208,000, and as of December 2021, over 165,000 had been sold in the U.S., and 157,000 in Japan. Global sales across both generations totalled 577,000 by February 2022. The Leaf was the world’s all-time top selling plug-in electric car until it was surpassed in early 2020 by the Tesla Model 3.

Get more information about: Nissan Leaf

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Brand: Nissan Model: Leaf
Price: $21,685 Mileage: 89,835 mi.

Tesla: Electric Innovation, Distinctive Expenses — Tesla Model Y India Price, Specs & Review 2025, Photo by evehicleindia.com, is licensed under CC BY-SA 4.0

4. **Tesla Model X EV**Another luxury SUV from Tesla, the Model X, also features prominently on the list of EVs with the worst five-year depreciation, losing an average of 63.4% of its original MSRP. This equates to a significant financial depreciation of $53,846, reaffirming the trend that high-end electric vehicles, even from leading manufacturers, face considerable challenges in retaining their value. The Model X’s distinctive design and features do not shield it from this economic reality.

Like its sibling, the Model S, the Model X falls into the category of “cutting-edge tech-driven commodities” that “tend not to age gracefully.” The rapid pace of innovation in the EV sector, combined with the complexities and potential maintenance costs of advanced features, can make older luxury EV models less attractive to secondary market buyers. This dynamic creates a significant hurdle for their resale value, often overshadowing their initial appeal.

The depreciation of the Model X underscores Karl Brauer’s observation that the used car market often “doesn’t prioritize those traits [premium badges, increased performance, luxury features] to the same degree” as new car buyers. Consequently, the initial allure of advanced technology and luxury appointments diminishes rapidly when faced with newer, potentially more efficient, and often more affordable alternatives in the fast-evolving EV landscape. This situation demands careful consideration from potential buyers.

Car Model Information: 2023 Buick Enclave Essence
Name: Tesla Model X
Manufacturer: Tesla, Inc.
Production: 2015–present
Assembly: unbulleted list
Designer: Franz von Holzhausen
Class: Crossover (automobile)
BodyStyle: 5-door SUV
Layout: unbulleted list
Doors: unbulleted list
Related: Tesla Model S
Motor: unbulleted list
Title: Discontinued
Transmission: unbulleted list
Battery: unbulleted list
ElectricRange: FTP-75
Wheelbase: cvt
Length: cvt
Width: cvt
Height: cvt
Weight: unbulleted list
Sp: us
Categories: 2020s cars, All Wikipedia articles in need of updating, All Wikipedia articles written in American English, All articles containing potentially dated statements, All articles lacking reliable references
Summary: The Tesla Model X is a battery electric mid-size luxury crossover SUV built by Tesla, Inc. since 2015. Developed from the full-sized sedan platform of the Tesla Model S, the vehicle uses distinctive falcon wing doors for rear passenger access. The Model X has an EPA size class as an SUV, and shares around 30 percent of its content with the Model S, half of the originally planned 60 percent, and weighs about 10 percent more. Both the Model X and Model S are produced at the Tesla Factory in Fremont, California. The prototype was unveiled at Tesla’s design studios in Hawthorne, California, on February 9, 2012. First deliveries of the Model X began in September 2015. After one full year on the market, in 2016, the Model X ranked seventh among the world’s best-selling plug-in cars. A refresh of the Tesla Model X was introduced in 2021, offering a new “Plaid” performance model, along with a revised interior, powertrain, and suspension.Another update of the Model X was introduced in June 2025 with a new front bumper camera, new wheel designs, increased third-row space, dynamic ambient lighting, and adaptive headlights. The updates are similar to the Model S, which was updated at the same time. As of July 2025, the Model X is available as a Long-Range version with an estimated EPA range of 352 miles (566 km) and a high performance “Plaid” version with an estimated EPA range of 335 miles (539 km).

Get more information about: Tesla Model X

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Brand: Tesla Model: Model X
Price: $35,995 Mileage: 31,706 mi.

24K Gold-Wrapped Tesla Model S — Tesla Model S Advertisement by Langzee on DeviantArt, Photo by deviantart.net, is licensed under CC BY-SA 4.0

5. **Tesla Model Y EV**Despite being one of the world’s best-selling EVs, the Tesla Model Y experiences a substantial depreciation of 60.4% over five years, according to iSeeCars. While the context notes “-$36,225 of MSRP” for loss, the percentage still signifies a significant reduction in value for this popular crossover. This paradoxical situation highlights a complex interplay of market forces, where new car success doesn’t always translate to used car value retention.

The popularity of new Model Y vehicles, which leads to “wider availability on the secondhand scene,” is cited as a factor for faster depreciation in another study by The Electric Car Scheme. This increased supply in the used market can naturally drive down prices, affecting even highly demanded models. The sheer volume of new sales eventually translates into a robust used inventory, which then pressures resale values.

Furthermore, governmental and manufacturer incentives have historically played a role in accelerating EV depreciation. As the context states, “Historically they have been more heavily incentivized, which tends to hurt resale values since a used buyer won’t pay as much for a car that did — or even could have — received discounts.” This practice, coupled with “about twice the incentives as gas-burning cars” at times, can establish a lower effective price point for new vehicles, subsequently impacting the value of used models.

Car Model Information: 2023 Buick Enclave Essence
Name: Tesla Model Y
Caption: Pre-refresh Tesla Model Y
Manufacturer: Tesla, Inc.
Production: January 2020 – present
Assembly: Unbulleted list
Designer: Franz von Holzhausen
Class: Unbulleted list
BodyStyle: SUV
Layout: Unbulleted list
Related: Unbulleted list
Motor: unbulleted list
Battery: val,Lithium-ion battery
ElectricRange: FTP-75
Charging: unbulleted list
Wheelbase: Unbulleted list
Length: Unbulleted list
Width: Unbulleted list
Height: Unbulleted list
Weight: Unbulleted list
Sp: us
Categories: 2020s cars, All Wikipedia articles written in American English, All articles lacking reliable references, All articles that may contain original research, All articles to be expanded
Summary: The Tesla Model Y is a battery electric compact crossover SUV produced by Tesla, Inc. since 2020. The vehicle was presented in March 2019 as the company’s fifth production model since its inception after the Roadster, Model S, Model X and Model 3. After its 2019 introduction, the Model Y started production at the Tesla Fremont Factory in California, US in January 2020. Production at Giga Shanghai, China was added in December 2020, and at Gigafactory Texas, US since late 2021. Deliveries from Gigafactory Berlin-Brandenburg, Germany started in March 2022. The Model Y is based on the Model 3 sedan and serves as a larger variant, with around 76 percent of parts being shared between the two and identical exterior and interior styling. While most Model Y are configured with two-row seating, in the US the Model Y offered optional third-row seats for a seven-passenger seating capacity until the 2025 refresh. In 2023, Tesla delivered 1.2 million Model Ys, making it the world’s best-selling vehicle that year, surpassing the Toyota Corolla and becoming the first electric vehicle to claim that title. With at least 2.16 million units delivered since its start of production up to December 2023, the Model Y is also the most popular electric vehicle of all time. In 2024 sales were second to the Toyota RAV4. A refreshed version of the Model Y was revealed in January 2025, with upgrades similar to the upgraded Model 3. In mid-2025, Tesla unveiled and released the Model Y L, a long-wheelbase, six-seat variant of the Model Y.

Get more information about: Tesla Model Y

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Brand: Tesla Model: Model Y
Price: $35,995 Mileage: 31,706 mi.

taycan's frunk space efficient — Porsche Taycan | www.grand-est-supercars.com | Alexandre Prevot | Flickr, Photo by staticflickr.com, is licensed under CC BY-SA 4.0

6. **Porsche Taycan EV**The Porsche Taycan, a luxury performance electric vehicle, shows a five-year depreciation rate of 60.1%, translating to a substantial average loss of $59,691 from its original MSRP. This figure firmly positions the Taycan among the high-value EVs that experience significant reductions in their market worth over time. It demonstrates that even prestigious badges are not immune to the challenges of the used EV market.

Similar to other luxury electric vehicles on this list, the Taycan’s depreciation reflects the market’s re-evaluation of premium features and advanced technology once a vehicle moves into the secondary market. New car buyers, often “less price sensitive,” are drawn to the cutting-edge performance and brand prestige. However, “used car shoppers are not like that. Every used car buyer, by nature of being a used car buyer, is value oriented,” as explained by Karl Brauer.

The niche appeal of ultra-performance EVs also contributes to their depreciation. While celebrated for their driving dynamics and innovation, their smaller target audience in the used market limits demand compared to more mainstream vehicles. This specialized market segment often struggles with slower turnover and greater price adjustments as new models with even more advanced capabilities are introduced.

7. **Hyundai Ioniq 5**Shifting our focus to annual depreciation, the Hyundai Ioniq 5, a model that has garnered considerable acclaim and “helped cement Hyundai’s reputation as an EV expert,” nonetheless faces a notable challenge in retaining its value. The Electric Car Scheme’s analysis indicates it loses an average of 18.52% of its value annually, making it one of the faster depreciating EVs on a yearly basis. This statistic reveals that even top-performing new EVs can struggle in the secondhand market.

This rapid yearly decline, despite its popularity and critical success, can be attributed to several factors, including the general trend of higher depreciation for popular new models. “Unsurprisingly, EVs which have proved popular on the new market tend to lose their value faster thanks to wider availability on the secondhand scene,” the study notes. An abundance of used models can depress prices, making it harder for individual cars to hold their initial value.

For prospective buyers, this depreciation offers an interesting dynamic: the opportunity to acquire a relatively new, highly-regarded EV at a considerable discount after just a few years. However, for original owners, it underscores the substantial financial impact of owning an EV in a rapidly evolving market, where even segment leaders face significant value adjustments. This complex market behavior requires careful consideration for both buyers and sellers.

Continuing our deep dive into the evolving landscape of electric vehicle depreciation, this section shifts its primary focus to annual value loss, drawing insights specifically from The Electric Car Scheme’s comprehensive analysis. While the five-year outlook provides a stark picture of long-term value retention, examining annual depreciation offers a more immediate understanding of how quickly an EV’s market value can erode. This perspective is particularly crucial in a segment characterized by rapid technological advancements and fluctuating market demand.

The insights from The Electric Car Scheme complement iSeeCars’ findings, further illuminating the complex factors at play in the used EV market. From popular models experiencing high supply in the secondhand market to luxury offerings struggling against rapid technological obsolescence, the narrative remains consistent: careful consideration of depreciation is paramount for both new and used EV buyers. We now turn our attention to additional models that demonstrate significant annual value loss, offering a granular view of this financial challenge.

Car Model Information: 2023 Buick Enclave Essence
Sp: uk
Name: Hyundai Ioniq 5
Manufacturer: Hyundai Motor Company
ModelCode: NE
Production: March 2021 – present
ModelYears: 2022–present (North America)
Assembly: Unbulleted list
Designer: Lee Ji-hyeon
Class: Compact crossover SUV
BodyStyle: SUV
Layout: Unbulleted list
Platform: Hyundai E-GMP
Related: Unbulleted list
Motor: permanent magnet synchronous motor
Battery: SK On
ElectricRange: cvt
Charging: ubl
Wheelbase: cvt
Length: Unbulleted list
Width: Unbulleted list
Height: Unbulleted list
Weight: Unbulleted list
Categories: All-wheel-drive vehicles, All Wikipedia articles written in British English, Articles containing Korean-language text, Articles with short description, CS1 Indonesian-language sources (id)
Summary: The Hyundai Ioniq 5 (Korean: 현대 아이오닉 5) is a battery electric compact crossover SUV produced by Hyundai since 2021. It is the first product to be marketed under the Ioniq sub-brand, and the first model developed on the Hyundai Electric Global Modular Platform (E-GMP).

Get more information about: Hyundai Ioniq 5

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Brand: Hyundai Model: Ioniq 5
Price: $35,995 Mileage: 31,706 mi.

“2020 Tesla Model Y, front 5.16.21” by Kevauto is licensed under CC BY-SA 4.0

8. **Tesla Model Y EV (Annual Depreciation)**While the Tesla Model Y made an appearance in our five-year depreciation analysis, it also tops The Electric Car Scheme’s list for highest annual value loss, shedding an average of 18.54% per year. This dual appearance underscores a critical paradox in the EV market: a model’s immense popularity as a new vehicle can, counterintuitively, accelerate its depreciation in the used market.

The primary driver behind this rapid annual decline, as noted by the study, is the “wider availability on the secondhand scene.” The sheer volume of new Model Y sales means that a significant number eventually enter the used market, increasing supply and naturally exerting downward pressure on prices. For a vehicle that is often a benchmark in the EV segment, this dynamic highlights the tangible impact of market saturation.

Furthermore, governmental and manufacturer incentives, which have historically bolstered new EV sales, contribute to this depreciation pattern. As noted in the broader context, incentives tend to hurt resale values because used buyers are less willing to pay premium prices for a vehicle that received substantial discounts when new. This creates a challenging environment for owners hoping to retain value, even for a global bestseller.

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Brand: Tesla Model: Model Y
Price: $35,995 Mileage: 31,706 mi.

“2023 BMW iX X-drive Edition Sport Heck” by Joachim_Hofmann is licensed under CC BY-ND 2.0

9. **BMW iX EV**The BMW iX, a luxury electric SUV, follows a similar trajectory in annual depreciation, losing an average of 17.34% of its value each year, according to The Electric Car Scheme. This places it firmly among the top depreciators, reinforcing the observation that even premium electric vehicles from established luxury brands are not immune to significant value erosion in the rapidly evolving EV landscape.

Much like other luxury EVs we’ve examined, the iX’s depreciation can be attributed to the differing priorities of new versus used car buyers. New car shoppers, often less price-sensitive, are drawn to the cutting-edge technology, brand prestige, and advanced features that a vehicle like the iX offers. However, used car buyers, being inherently value-oriented, often view these same features through the lens of potential maintenance costs and accelerated obsolescence.

The swift pace of technological innovation in the EV sector means that what is considered cutting-edge today can quickly become outdated. Newer models consistently offer improved battery range, faster charging capabilities, and more advanced driver-assistance systems. This constant advancement renders even relatively new luxury EVs like the iX less desirable to a secondhand market focused on maximizing value and long-term viability.

Car Model Information: 2023 BMW iX M60
Name: BMW iX
Caption: BMW iX (2021-2025)
Manufacturer: BMW
ModelCode: I20
Production: July 2021–present
Assembly: Dingolfing
Designer: Sawyer Li (2019),Chris Lee (2019)
Class: crossover SUV
BodyStyle: SUV
Layout: all-wheel drive
Transmission: Single-speed with fixed ratio
Wheelbase: 3000 mm
Abbr: on
Length: convert
Width: convert
Height: 1696 mm
Weight: cvt
Motor: Synchronous motor
Battery: 71 kWh / 76.6 kWh,105 kWh / 111.5 kWh, 400 V,(usable / total)
ElectricRange: cvt,Worldwide harmonized Light vehicles Test Procedure
Charging: unbulleted list
ModelYears: 2022–present
Predecessor: BMW X3#BMW iX3 (G08; 2020)
Categories: All-wheel-drive vehicles, All articles with unsourced statements, Articles with short description, Articles with unsourced statements from May 2023, BMW vehicles
Summary: The BMW iX is a battery-electric mid-size luxury crossover SUV manufactured and marketed by the German automobile manufacturer BMW. It was unveiled in concept form as the Vision iNext at the 2018 LA Auto Show, and then in its production form in November 2020. The iX is BMW’s second fully electric vehicle after the i3 in 2013, and the fourth BMW i sub-brand model. The iX nameplate was chosen to signify the model’s position at the top of the electric i line-up and its role in showcasing technology as it uses the new fifth-generation version of BMW’s electric drive system, and also offers high levels of autonomous and connected technology.

Get more information about: BMW iX

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Brand: BMW Model: iX
Price: $55,788 Mileage: 26,593 mi.

10. **Kia Soul EV**The Kia Soul EV demonstrates an average annual depreciation of 17.30%, according to The Electric Car Scheme, placing it among the fastest depreciating electric vehicles. This rate of value loss is particularly noteworthy as the Soul EV represents a more mainstream and compact option compared to the luxury models often discussed, illustrating that significant depreciation is a widespread phenomenon across various EV segments.

One of the key factors influencing the Soul EV’s depreciation is the rapid advancement in battery technology and overall EV range. Earlier electric models, even those from just a few years ago, typically offered shorter ranges and slower charging speeds than contemporary alternatives. As the median EV range has tripled in the last decade, models like the Soul EV with older specifications become less attractive to buyers seeking modern capabilities.

For potential used EV buyers, this substantial annual depreciation presents a practical advantage. It creates opportunities to acquire a well-equipped electric vehicle at a considerably reduced price point. However, for original owners, it underscores the financial challenge of investing in early-generation EVs, where the pace of technological change dramatically impacts long-term value retention.

Car Model Information: 2025 Alfa Romeo Stelvio Sprint
Name: Kia Soul EV
Caption: Second generation
Manufacturer: Kia
Production: 2014–2024
Class: Battery electric vehicle,subcompact crossover SUV
BodyStyle: hatchback
Related: Kia Soul
Engine: Permanent Magnet AC Synchronous Electric Motor
Motor: 81.4 kW
Abbr: on
Battery: Lithium-ion polymer battery
Range: 93 mi
Successor: Kia EV3
Categories: All articles containing potentially dated statements, All articles with dead external links, All articles with unsourced statements, Articles containing potentially dated statements from December 2015, Articles containing potentially dated statements from September 2014
Summary: The Kia Soul EV (also known as Kia e-Soul) is an all-electric subcompact crossover SUV manufactured by Kia and based on the Kia Soul. The US Environmental Protection Agency (EPA) official range for the 2020 Kia Soul EV is 243 miles (391 km). Deliveries of the first generation began in South Korea in May 2014. European sales began in July 2014. Sales started in the U.S. in October 2014; initially it was sold only in California, Oregon, and several Eastern states with the largest EV markets and infrastructure including New York, New Jersey and Maryland. Global sales exceeded the 10,000 unit milestone in January 2016, with Europe as the leading market with 6,770 units sold. Germany was the leading European market with 3,853 units sold through December 2015. A second generation was introduced in 2019 for the 2020 model year, sold in both Europe and Canada. It was delayed until 2021 for the US market.

Get more information about: Kia Soul EV

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Brand: Kia Model: Soul EV
Price: $54,000 Mileage: 889 mi.

“MG TF” by Rutger van der Maar is licensed under CC BY 2.0

11. **MG MG5 EV**The MG MG5 EV experiences an average annual depreciation of 17.09%, as reported by The Electric Car Scheme, confirming its position among models suffering higher-than-average value loss. This mid-sized electric estate car, while offering practical utility, faces considerable challenges in retaining its market worth in a competitive and dynamic EV landscape.

The depreciation observed in the MG5 EV is reflective of broader market dynamics where the influx of new electric models intensifies competition. As more manufacturers introduce compelling and technologically advanced EVs across various price points, existing models, even those with solid practical attributes, face downward pressure on their resale values. This competitive environment necessitates careful consideration for prospective buyers regarding future value.

Such rapid annual value adjustments also highlight the importance of understanding the total cost of ownership beyond just the initial purchase price. For private owners and especially for those involved in salary sacrifice schemes, the rate of depreciation directly translates into either savings or unexpected costs over the vehicle’s lifecycle. This emphasizes the need for thorough research into a model’s long-term appeal and value retention.

Car Model Information: 2025 Alfa Romeo Stelvio Sprint
Name: MG5
Caption: 2020 MG5
Manufacturer: SAIC Motor
Aka: MG GT
Production: 2012–present
Class: Small family car
Predecessor: Rover 25,MG ZR,MG GT
Layout: Front-engine, front-wheel-drive layout
Categories: 2010s cars, 2020s cars, All Wikipedia articles written in British English, Articles with short description, CS1 Chinese-language sources (zh)
Summary: The MG5 is a series of compact cars that has been produced by SAIC Motor under the MG marque since 2012. The first generation MG5 was launched on 28 March 2012 in China, and shares the same automotive platform as the Roewe 350 saloon car. In China, the first generation hatchback was sold as the MG5, while the saloon was sold as the MG GT. The first-generation MG GT was also sold as the MG5 in several markets. The second-generation model is marketed as the MG5 in China and Thailand, and either the MG5 GT or MG GT elsewhere. For most markets outside China and Thailand, the MG5 nameplate is used for a different model, which is the export version of the Roewe i5. Its battery electric version, the Roewe Ei5 is exported to Europe as the MG5 EV.

Get more information about: MG5 (automobile)

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Brand: MG Model: MG5 EV
Price: $54,000 Mileage: 889 mi.

12. **Fiat 500e EV**The Fiat 500e EV sees an average annual depreciation of 17.02%, according to The Electric Car Scheme, placing it among the top five EVs with the worst value retention. This compact city car’s depreciation rate underscores how even smaller, niche electric vehicles struggle to hold their value in a market that prioritizes evolving technology and broader appeal.

The inherent characteristics of a city-focused EV, such as typically shorter ranges and a primary suitability for urban driving, can limit its marketability in the used car segment. While perfectly suited for its intended purpose, buyers in the secondary market often seek greater versatility and longer range capabilities, contributing to a quicker decline in value for specialized models like the 500e.

Furthermore, the EV market’s rapid expansion means that new, more capable compact electric options are continually emerging. This constant refreshment of offerings can quickly make previous generations less competitive on attributes like range, charging speed, and infotainment, directly impacting their appeal and, consequently, their resale value. For the original owners, this means facing a substantial reduction in asset worth over a short period.

Car Model Information: 2025 Alfa Romeo Stelvio Sprint
Name: Fiat 500e (New 500)
Manufacturer: Fiat
ModelCode: 332
Production: February 2020–present
ModelYears: 2020–present
Assembly: Fiat Mirafiori,Turin
Designer: Lorenzo Battisti, Dario Pellegrino at Centro Stile Fiat
Class: City car
BodyStyle: hatchback,cabriolet,4-door hatchback
Platform: STLA City
Motor: GKN Automotive G400 IPMS interior permanent-magnet synchronous motor
Battery: Lithium-ion battery
Powerout: {{cvt,70,kW,PS hp,0
ElectricRange: {{cvt,185,km,0,Worldwide harmonized Light vehicles Test Procedure
Charging: DC:,50nbspkW (24nbspkWh battery),85nbspkW (42nbspkWh battery),400nbspV 3-Phase AC: 11nbspkW,230nbspV AC: 6.6nbspkW,120nbspV AC: 3.3nbspkW
Wheelbase: cvt
Length: cvt
Width: cvt
Height: cvt
Weight: cvt
Predecessor: Fiat 500e (2013)
Sp: uk
Categories: 2020s cars, All Wikipedia articles written in British English with Oxford spelling, All articles with bare URLs for citations, Articles with bare URLs for citations from August 2025, Articles with short description
Summary: The Fiat 500e (project 332), also known as the 500 elettrica or New 500 is a hybrid or battery-electric car by Italian manufacturer Fiat as the third generation of its 500 city cars, following the original 500 (1957–1975) and second-generation 500 (2007–2024). The third-generation 500e is manufactured at the Mirafiori plant in Turin, Italy, starting in 2020, and was sold alongside the second-generation 500, which was manufactured in Tychy, Poland until 2024. It was scheduled to be launched at the Geneva Motor Show but that event was canceled due to the COVID-19 pandemic; it was launched on 4 March 2020 in Milan. The 500e has a 320 km (199 mi) range on the European WLTP combined test cycle, and achieves 400 km (249 mi) on that test’s urban cycle, which is generally favourable toward electric vehicles (EVs). Most versions of the car are powered by an 87 kW (117 hp) electric traction motor, fed by a 42 kWh lithium-ion battery pack.

Get more information about: Fiat 500e

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Brand: Fiat Model: 500e EV
Price: $54,000 Mileage: 889 mi.

13. **Mercedes-Benz EQS EV**The Mercedes-Benz EQS EV, a flagship luxury electric sedan, registers an average annual depreciation of 16.68%, according to The Electric Car Scheme’s findings. This figure, while slightly lower than some top depreciators, remains significant for a vehicle with a premium price point, affirming that high-end electric luxury is particularly vulnerable to rapid value erosion.

The depreciation of the EQS aligns with the trend observed across other luxury EVs: a disconnect between the purchasing motivations of new and used buyers. New luxury EV purchasers are often driven by desire for the latest technology and status, accepting the high initial cost. Used buyers, however, are inherently value-conscious, and the complex, expensive-to-maintain features of a luxury sedan can become liabilities in the secondary market.

This substantial annual value loss creates a challenging scenario for original owners, as the financial impact of depreciation on a high-MSRP vehicle is considerable. It also opens up opportunities for discerning used car shoppers to acquire a sophisticated, feature-rich luxury EV at a substantial discount, provided they are prepared for the potentially higher costs associated with maintaining advanced technology.

Car Model Information: 2023 Toyota Camry XSE
Name: Mercedes-Benz EQS
Manufacturer: Mercedes-Benz Group
ModelCode: V297
Production: May 2021 – present
ModelYears: 2022–present
Assembly: Sindelfingen,Pune,Samut Prakan,Pekan
Class: Full-size luxury car
BodyStyle: liftback
Layout: Rear-motor, rear-wheel-drive,Dual-motor, all-wheel-drive
Related: Mercedes-Benz EQS SUV,Mercedes-Benz EQE,Mercedes-Benz EQE SUV
Platform: Mercedes-Benz EVA platform
Motor: Permanent magnet AC synchronous
Powerout: ubl
Transmission: Direct-drive automatic
Battery: Kilowatt hour
ElectricRange: cvt
Charging: 22 kW 3-phase on board, 200 kW DC, bidirectional (Japan only)
Wheelbase: 3210 mm
Abbr: on
Length: convert
Width: 1926 mm
Height: convert
Weight: convert
Designer: Robert Lešnik
Categories: All Wikipedia articles written in British English, All articles with dead external links, Articles with dead external links from September 2023, Articles with short description, CS1 French-language sources (fr)
Summary: The Mercedes-Benz EQS (V297) is a battery electric full-size luxury liftback car produced by German automobile manufacturer Mercedes-Benz Group. It was released in September 2021 in Germany and the fourth quarter of 2021 in the United States. As a battery-electric vehicle, it is part of the Mercedes-Benz EQ family.

Get more information about: Mercedes-Benz EQS

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Brand: Mercedes-Benz Model: EQS EV
Price: $27,998 Mileage: 24,172 mi.

Ioniq 6: Competitive Value Proposition — The 2017 Hyundai Ioniq Is Finally Here – autoevolution, Photo by autoevolution.com, is licensed under CC BY-SA 4.0

14. **Hyundai Ioniq 6 EV**Rounding out our list of fastest depreciating EVs, the Hyundai Ioniq 6 records an average annual value loss of 16.63%, as identified by The Electric Car Scheme. This relatively new model, celebrated for its distinctive design and advanced technology, illustrates that even critically acclaimed and modern EVs are subject to the same market pressures driving depreciation.

The Ioniq 6’s depreciation rate, despite its recent introduction, highlights the rapid maturation of the EV market and the intense competition among manufacturers. As the context notes, “It shows just how much EV quality, desirability, and long-term appeal can vary, even among models manufactured in the same period.” This variability means that even new entrants must contend with a market that quickly re-evaluates worth.

For consumers, this trend means that staying abreast of market dynamics is more crucial than ever. The continuous introduction of new models with incremental improvements in range, charging, and features can quickly shift consumer preferences and, consequently, resale values. The Ioniq 6 serves as a potent reminder that even a fresh design and strong initial reviews do not guarantee imperviousness to market forces.

The journey through the world of electric vehicle depreciation reveals a landscape marked by rapid evolution and significant financial considerations. Whether examining five-year value retention or annual loss rates, a consistent narrative emerges: the cutting-edge nature of EVs, combined with aggressive incentives and growing supply, often leads to accelerated depreciation compared to traditional internal combustion engine vehicles. The insights from iSeeCars and The Electric Car Scheme provide a clear picture for both prospective new and used EV buyers.

Car Model Information: 2023 Toyota Camry XSE
Name: Hyundai Ioniq 6
ModelCode: CE
Manufacturer: Hyundai Motor Company
Production: July 2022 – present
ModelYears: 2023–present (North America)
Assembly: unbulleted list
Designer: SangYup Lee
Class: Mid-size car
BodyStyle: fastback,Sedan (automobile)
Layout: unbulleted list
Platform: Hyundai E-GMP
Related: unbulleted list
Motor: Permanent magnet synchronous motor
Battery: Lithium nickel manganese cobalt oxides
ElectricRange: Worldwide Harmonised Light Vehicles Test Procedure
Charging: unbulleted list
Wheelbase: 2950 mm
Abbr: on
Length: 4855 mm
Width: 1880 mm
Height: 1495 mm
Weight: convert
Categories: All Wikipedia articles written in British English with Oxford spelling, All articles lacking reliable references, Articles containing Korean-language text, Articles lacking reliable references from December 2024, Articles with short description
Summary: The Hyundai Ioniq 6 (Korean: 현대 아이오닉 6) is a battery electric mid-size fastback sedan produced by Hyundai Motor Company. It is the second vehicle marketed under the electric car-focused Ioniq sub-brand after the Ioniq 5, and the fourth model developed on the Hyundai Electric Global Modular Platform (E-GMP). The vehicle was first sold in South Korea in late 2022, with deliveries in the United States beginning in March 2023.

Get more information about: Hyundai Ioniq 6

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Brand: Hyundai Model: Ioniq 6
Price: $27,998 Mileage: 24,172 mi.

For those considering a new electric vehicle, understanding these depreciation trends is paramount to a fiscally sound decision. The initial allure of innovation and environmental benefits must be balanced against the reality of substantial value loss. Conversely, this market dynamic presents a compelling opportunity for used car shoppers to acquire sophisticated, relatively new EVs at significantly reduced prices. As the market continues to expand with more affordable domestic options entering the scene, we anticipate a more diverse and accessible used EV inventory. Ultimately, informed research remains the most powerful tool for navigating the complexities of EV ownership in 2025 and beyond.