The hits hold coming for electrical automobiles. Examine after examine reveals EVs are like every other piece of quickly evolving expertise, in that they shortly lose worth as firms proceed to innovate. A brand new iSeeCars examine reveals a listing of automobiles with the very best five-year depreciation charges, and 4 out of the highest 10 are electrical automobiles.
the Jaguar I-Tempo takes the most important hit and tops the checklist, dropping 72.2 % of its worth, or $51,953, after 5 years on common. The Nissan Leaf is quantity seven on the checklist, dropping 64.1 % of its worth, or $18,403, in simply 5 years. The Tesla Mannequin S and Mannequin X are additionally on the checklist.
| Mannequin | Ave. 5-Yr Depreciation | Ave. Worth Distinction from MSRP |
| Jaguar I-Tempo | 72.2% | $51,953 |
| BMW 7 Sequence | 67.1% | $65,249 |
| Tesla Mannequin S | 65.2% | $52,165 |
| Infiniti QX80 | 65.0% | $53,571 |
| Maserati Ghibli | 64.7% | $70,874 |
| BMW 5 Sequence | 64.7% | $47,457 |
| Nissan Leaf | 64.1% | $18,043 |
| Maserati Levante | 64.7% | $64,991 |
| Tesla Mannequin X | 63.4% | $53,846 |
| Cadillac Escalade ESV | 62.9% | $56,996 |
The opposite six automobiles within the high 10 are all luxurious fashions. Maserati has two automobiles on the checklist, the Ghibli and the Levante. BMW additionally has two automobiles, the 7 Sequence and the 5 Sequence. The remainder of the checklist contains luxurious automobiles and different electrical automobiles, making up almost all fashions. Electrical automobiles misplaced probably the most worth over 5 years—58.8 % on common.
That’s up almost 10 % from 2023, however the charge of depreciation elevated throughout all section sorts—EVs, hybrids, vehicles, and SUVs all elevated. On common, a five-year-old automobile misplaced 45.6 % of its worth, up from 38.8 % in 2023.
“Whereas a premium badge and the elevated efficiency or luxurious options that include it are sometimes sought out by new automobile consumers, the used automobile market doesn’t prioritize these traits to the identical diploma, thus the constantly increased depreciation for luxurious fashions,” stated iSeeCars Government Analyst Karl Brauer.
