Top 10 Fastest-Depreciating EVs
New car buyers often talk about the latest technology and resale value. However, most people don’t buy new cars. The used car market is three times larger than the new car market. If you’re happy to let the first buyer absorb the big depreciation hit by getting a great deal on a reliable, low-mileage used car, you could save thousands on your next electric vehicle (EV).
You might think about the recent supply chain issues and high dealer markups that impacted car sales. But data shows trends closer to what you’d expect before the COVID-19 pandemic. High-end luxury models like the Mercedes-Benz S-Class see significant depreciation as they are new and shiny. More common vehicles from brands like Toyota and Honda hold their value better.
This usual luxury brand drop is also happening with Tesla. Elon Musk’s public stances have created divided opinions about the brand, losing market share. Demand for both new and used Tesla vehicles has declined, and iSeeCars reports that the Tesla Model S experienced the biggest percentage price drop of any car over the last twelve months. In June 2025, the average price of a new Model S was $46,700, nearly 16%, or $8,800 lower than it was just a few months earlier.
This isn’t solely about Tesla, although it’s a significant factor. This list highlights the EVs that have lost the most value since they were first sold five years ago. If you’re looking for a good deal on a used EV, this list, ordered from the biggest value loss, is a great place to start.
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.
I’m Rohan Mehta, the voice behind KhelRe—a trusted and steadily growing blog dedicated to electric vehicles (EVs) in India. With over five years of experience as a tech and automotive blogger, I turned my frustrations with owning an EV into a mission: to help others make more intelligent choices in this fast-evolving world of electric mobility. I’ve been an early adopter of EV technology—I repurchased my first electric scooter in 2019. That experience opened my eyes to both the promises and the pitfalls of this new mode of transport. From slow charging times and range anxiety to misleading specs and hidden costs, I’ve faced it all. But instead of walking away, I decided to write about it. That’s how KhelRe was born—a no-nonsense, hands-on blog where I share practical, real-world reviews of EV cars, bikes, and scooters. I break down features, range, performance, and pricing from a user-first perspective. I take pride in simplifying complex tech into clear, valuable insights—offering tips, ownership stories, and advice you won’t find in flashy press releases or sales brochures. Whether you’re a first-time EV buyer or just a curious auto enthusiast, my goal is to help you navigate the EV landscape with confidence. My motto: “EV knowledge should come from experience, not just brochures.” When I’m not test-driving the latest e-scooter or comparing charging networks, you’ll probably find me tinkering with my garage EV setup, chatting with fellow enthusiasts online, or sipping chai while writing my next blog post from a cosy local café.
