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
