Teslas have both the highest and lowest 5-year depreciation among EVs with the Model S claiming the highest and Model 3 the lowest.
  • Car-faceBEnglish
    1·
    10 months ago

    Good turnout for hybrids:

    Average 5-year Depreciation
    1 Toyota Prius 27.9%
    2 Toyota Prius Prime 28.1%
    3 Toyota RAV4 Hybrid 29.1%
    4 Toyota Camry Hybrid 35.3%
    5 Honda Accord Hybrid 36.4%
    6 Toyota Highlander Hybrid 36.5%
    7 Hyundai Ioniq Hybrid 37.4%
    8 Kia Niro 37.6%
    9 Toyota Avalon Hybrid 43.0%
    10 Hyundai Sonata Hybrid 43.5%
    11 Lexus ES 300h 45.2%

    Smaller pool for EVs, but even in similar price ranges to the above, it’s not a great result:

    Average 5-year Depreciation
    1 Tesla Model 3 42.9%
    2 Tesla Model X 49.9%
    3 Nissan LEAF 50.8%
    4 Chevrolet Bolt EV 51.1%

    With another couple of years of price drops, continued softening EV demand vs prior predictions and the supply shortages firmly in the rear view mirror, I’d expect the 5 year average depreciation of those EVs will only get worse.