NoseyReporter
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Vinwiki's Ed Bolian discusses EV depreciation
- Thread starter NoseyReporter
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Tesla depreciate the most, Taycan Turbo the least.
xponents
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Not a surprise the porsche is the least. The 911 has always been known to hold its value well(but not the regular cars like the cayenne).
jakegeno
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I've done little analysis on depreciation between 2021-2024 of EVs in comparison to ICE vehicles (https://evhicle.org/2024/03/12/car-depreciation-myths-the-future-of-evs-value/). Unfortunately I didn't look into Lucid depreciation, however based on fact that it's a premium make, Lucid cars will hopefully hold its value. Similar like Tycan - I saw that it lost ~25%, but the number is not perfect, as I didn't consider there additional packages prices, so the real depreciation might actually be higher - I'm planning to look into that.
Anyway I see that EVs depreciation is higher than ICE cars for several reasons and unfortunately I don't see this changing any time soon:
1. Governments manipulating prices of new vehicles (extra benefits for buying EVs)
2. China makes lowering prices, what makes all manufacturers to lower the prices, as more China makes are entering EU and US. As a result we get rapid prices drop for new vehicles and of course nobody wants to pay more for used car than for new one.
3. Fast new tech development, remember how it was with computers back in the 90s? So in general you won't pay just a little less for car that is enabling you 40-50% of range that a new one is allowing you to reach. Same with infotainment and self driving capabilities - the more such upgrades are introduced in new vehicles the less value stays in older ones.
Anyway I see that EVs depreciation is higher than ICE cars for several reasons and unfortunately I don't see this changing any time soon:
1. Governments manipulating prices of new vehicles (extra benefits for buying EVs)
2. China makes lowering prices, what makes all manufacturers to lower the prices, as more China makes are entering EU and US. As a result we get rapid prices drop for new vehicles and of course nobody wants to pay more for used car than for new one.
3. Fast new tech development, remember how it was with computers back in the 90s? So in general you won't pay just a little less for car that is enabling you 40-50% of range that a new one is allowing you to reach. Same with infotainment and self driving capabilities - the more such upgrades are introduced in new vehicles the less value stays in older ones.
