New car buyers like to talk about the latest tech and resale value, but most people don’t buy new cars. The used car market is 3x bigger than new, and if you’re content to let the last guy take that big depreciation hit by scoring a great deal on a reliable, low-mile used car you could save thousands on your next EV.
I know what you’re thinking: these posts are always weird because they’re disproportionally impacted by the COVID-era supply chain disruptions, and the obscene dealer mark-ups that came along with them.
But looking into the data shows trends that are much closer to the kind of think you’d expect to see before COVID, with high-end luxury models like S-Class Mercedes that trade on being new and shiny taking massive depreciation hits and more mainstream offerings from brands like Toyota and Honda that trade on economy and reliability holding strong.
That usual luxury brand hit seems like it’s being compounded over at Tesla, where Elon Musk’s highly publicized political leanings have polarized support for the brand, and alienated a huge portion of the market. Demand for new and used Tesla vehicles has plummeted, and iSeeCars reports that the Tesla Model S suffered the biggest percentage price drop of all makes and models over the last twelve months, showing the pioneering electric sedan’s average price in June 2025 at $46,700, nearly 16%, or $8,800 lower than it was 12 just months earlier.
This isn’t a post about Tesla, though (not intentionally, at least). Instead, it’s about those EVs that have lost the most value since they were first sold new five-ish years ago. So, if you’re looking for a great deal on a pre-loved EV, you could do a lot worse than the list, below, presented in order from biggest “loss” of value.
Top 10 fastest-depreciating EVs
| Make & Model | MSRP | Avg. 5 yrs | >Difference | % Change | |
|---|---|---|---|---|---|
| 1 | Audi Q8 e-tron | $74,400 | $20,958 | -$53,442 | -71.9% |
| 2 | Jaguar I-Pace | $72,000 | $20,047 | -$51,953 | -72.2% |
| 3 | Tesla Model S | $74,990 | $27,835 | -$47,155 | -62.9% |
| 4 | Nissan Leaf (SV Plus) | $36,190 | $13,000 | -$23,190 | -64.1% |
| 5 | Tesla Model X | $79,990 | $32,940 | -$47,050 | -58.8% |
| 6 | Mercedes EQS | $104,400 | $41,121 | -$63,279 | -60.6% |
| 7 | Tesla Model Y | $44,990 | $23,775 | -$21,215 | -47.2% |
| 8 | Hyundai Kona Electric | $32,675 | $13,860 | -$18,815 | -57.6% |
| 9 | Tesla Model 3 | $38,990 | $20,950 | -$18,040 | -46.3% |
| 10 | Porsche Taycan | $99,400 | $48,445 | -$50,955 | -51.3% |
| 11 | Ford Mustang Mach-E | $39,995 | $21,600 | -$18,395 | -46.0% |
Disclaimer: the models and pricing shown, above, were sourced from CarsDirect, Carscoops, iSeeCars, USNews, and Yahoo!Finance. These deals may not be available in every market, and the standard “with approved credit” fine print should be considered implied. Check with your local dealer(s) for more information.
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