Tesla Model S and 9 Other EVs That Lose the Most Value After 10 Years

We’ve all heard the terrible and all too true story about a new car losing a fat portion of its value the second you drive it off the lot. So, it’s no surprise that cars usually drastically drop in value after a decade of use. Electric vehicles (EVs) are no exception, but some EVs lose value more rapidly and more severely than others.

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A recent study by Boohoff Law, a personal injury firm, found the top 10 EV models that have lost the most value between 2015 and 2025. Buyer beware of these cars that have depreciated by as much as nearly 90%.

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10. Volkswagen e-Golf

• MRSP in 2015: $35,500

• Average resale price in 2025: $7,600

• Price change: -78.59%

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9. Chevrolet Spark EV

• MRSP in 2015: $25,995

• Average resale price in 2025: $5,400

• Price change: -79.23%

8. Kia Soul EV

• MRSP in 2015: $35,700

• Average resale price in 2025: $7,200

• Price change: -79.83%

7. Ford Focus Electric

• MRSP in 2015: $29,120

• Average resale price in 2025: $5,833

• Price change: -79.97%

6. Mercedes-Benz B-Class ED

• MRSP in 2015: $41,450

• Average resale price in 2025: $7,500

• Price change: -81.91%

5. Nissan Leaf

• MRSP in 2015: $29,010

• Average resale price in 2025: $5,200

• Price change: -82.08%

4. Peugeot iOn

• MRSP in 2015: $35,800

• Average resale price in 2025: $5,800

• Price change: -83.80%

3. BMW i3 (BEV)

• MRSP in 2015: $43,395

• Average resale price in 2025: $5,940

• Price change: -86.31%

2. Fiat 500e

• MRSP in 2015: $32,780

• Average resale price in 2025: $3,827

• Price change: -88.33% 

1. Tesla Model S

• MRSP in 2015: $95,600

• Average resale price in 2025: $9,800

• Price change: -89.75%

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Sources

• Boohoff Law, “EV Car Brands That Lose Most Of Their Value After 10 Years Of Use.”

This article originally appeared on GOBankingRates.com: Tesla Model S and 9 Other EVs That Lose the Most Value After 10 Years