logo
welcome
Wired

Wired

EVs Are Losing Up to 50 Percent of Their Value in One Year

Wired
Summary
Nutrition label

70% Informative

In the UK , various new electric cars lose 50 percent of their value in the first 12 months .

The Audi e-Tron GT, Polestar 2 and Tesla Model 3 are among the worst offenders.

Porsche Taycan , Ford Mustang Mach-E and Hyundai Ioniq 5 also lose value in same period.

Cap HPI data shows that year-old electric cars are worth more after 12 months than when new.

A gas-powered Audi Q7 55 with an electric Audi e-tron 55 SUV, both one year old and with 10,000 miles , is worth 42 percent more.

The ability for Tesla , and other EV manufacturers, to update and upgrade a car’s software months or even years after it left the factory should help with long-term depreciation.

VR Score

62

Informative language

58

Neutral language

4

Article tone

semi-formal

Language

English

Language complexity

32

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

Affiliate links

no affiliate links