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2023

Used Tesla Model Y's are listed for 22% less than 3 years ago. Here are the EVs with the worst resale value.

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Insider featured 16 of the most popular EV models with used listing price data for at least 2021, 2022, and part of 2023.
  • Many car buyers wonder how electric cars will hold or lose their value over time. 
  • iSeeCars.com pulled the average list price for several used EVs that were 1 to 5 years old. 
  • Here's which electric cars depreciated the most over the past three years.

Many car buyers wonder how electric vehicles will hold their value over time.

Prices are all over the place given how battery tech depreciates and changes, and the overall used car market makes it difficult to pinpoint exactly what will happen to values. The average price of a used EV was about $32,750 in December, according to Recurrent's index of popular used EV models.

Industry experts at iSeeCars.com pulled data on the average list price for several used electric cars that were 1 to 5 years old. (Note: Data is limited by how long the EV has been on the market, and listing price does not necessarily mean final transaction price.) Insider featured 16 of the most popular EV models with data for at least 2021, 2022, and part of 2023.

For example, in 2020, used Jaguar I-PACE SUVs between 1 and 5 years old were listed for $39,777 on average. So far in 2023, used Jaguar I-PACEs (in that same age range) were listed for $35,943 on average, marking a 9.6% decrease in listing prices for those cars over the past three years. 

Used Volvo XC40 Recharge SUVs in that age range saw the largest percent decrease in their average listing price since 2021 at a whopping 36%.

Audi e-tron
Audi e-tron.
YearAverage list price
2020$37,415
2021$40,054
2022$43,002
2023 (through February)$37,725

Percent increase since 2020: 0.8%

BMW i3
BMW i3.
YearAverage list price
2020$24,454
2021$31,106
2022$33,422
2023 (through February)$31,193

Percent increase since 2020: 27.6%

Chevrolet Bolt EV
Chevrolet Bolt EV.
YearAverage list price
2020$23,051
2021$28,887
2022$30,696
2023 (through February)$28,561

Percent increase since 2020: 23.9%

Ford Mustang Mach-E
2021 Ford Mustang Mach-E.
YearAverage list price
2021$42,764
2022$38,476
2023 (through February)$34,610

Percent decrease since 2021: 19.1%

Hyundai Ioniq Electric
Hyundai Ioniq Electric.
YearAverage list price
2020$22,726
2021$29,028
2022$31,146
2023 (through February)$28,802

Percent increase since 2020: 26.7%

Hyundai Kona Electric
Hyundai Kona Electric.
YearAverage list price
2020$25,877
2021$28,489
2022$31,061
2023 (through February)$28,584

Percent increase since 2020: 10.5%

Jaguar I-PACE
Jaguar I-Pace.
YearAverage list price
2020$39,777
2021$38,745
2022$39,982
2023 (through February)
$35,943

Percent decrease since 2020: 9.6%

Kia Niro EV
2020 Kia Niro EV.
YearAverage list price
2020$37,178
2021$28,366
2022$31,393
2023 (through February)$28,954

Percent decrease since 2020: 22.1%

Nissan LEAF
2021 Nissan Leaf.
YearAverage list price
2020$22,975
2021$29,312
2022$31,060
2023 (through February)$28,745

Percent increase since 2020: 25.1%

Tesla Model 3
Tesla Model 3.
YearAverage list price
2020$28,558
2021$34,229
2022$36,781
2023 (through February)$32,687

Percent increase since 2020: 14.5%

Tesla Model S
Tesla Model S.
YearAverage list price
2020$37,638
2021$48,368
2022$52,863
2023 (through February)$46,774

Percent increase since 2020: 24.3%

Tesla Model X
Tesla Model X.
YearAverage list price
2020$50,628
2021$53,402
2022$59,147
2023 (through February)$50,691

Percent increase since 2020: 0.1%

Tesla Model Y
Tesla Model Y.
YearAverage list price
2020$47,717
2021$41,167
2022$43,338
2023 (through February)$37,348

Percent decrease since 2020: 21.7%

Volkswagen e-Golf
Volkswagen e-Golf.
YearAverage list price
2020$22,871
2021$29,012
2022$30,849
2023 (through February)$28,870

Percent increase since 2020: 26.2%

Volkswagen ID.4
The 2023 Volkswagen ID.4 Pro promises 275 miles of range.
YearAverage list price
2021$32,453
2022$33,878
2023 (through February)$30,698

Percent decrease since 2021: 5.4%

Volvo XC40 Recharge
YearAverage list price
2021$56,681
2022$39,942
2023 (through February)$35,693

Percent decrease since 2021: 36.6%

Read the original article on Business Insider



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