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EVs depreciateWired
•
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.
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