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

Hyundai; Volvo; Jaguar; BMWInsider featured 16 of the most popular EV models with used listing price data for at least 2021, 2022, and part of 2023.

Hyundai; Volvo; Jaguar; BMW

  • 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-tronaudi e tronAudi e-tron.

Stefanie Keenan/Getty Images for Audi of America

Year Average list price
2020 $37,415
2021 $40,054
2022 $43,002
2023 (through February) $37,725

Percent increase since 2020: 0.8%

BMW i3BMW i3BMW i3.

BMW

Year Average list price
2020 $24,454
2021 $31,106
2022 $33,422
2023 (through February) $31,193

Percent increase since 2020: 27.6%

Chevrolet Bolt EV2019 Chevrolet Bolt EVChevrolet Bolt EV.

Chevrolet

Year Average 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-E2021 Ford Mustang Mach-E.2021 Ford Mustang Mach-E.

Tim Levin/Insider

Year Average list price
2021 $42,764
2022 $38,476
2023 (through February) $34,610

Percent decrease since 2021: 19.1%

Hyundai Ioniq ElectricHyundai Ioniq ElectricHyundai Ioniq Electric.

Hyundai

Year Average list price
2020 $22,726
2021 $29,028
2022 $31,146
2023 (through February) $28,802

Percent increase since 2020: 26.7%

Hyundai Kona ElectricHyundai Kona ElectricHyundai Kona Electric.

Hyundai

Year Average list price
2020 $25,877
2021 $28,489
2022 $31,061
2023 (through February) $28,584

Percent increase since 2020: 10.5%

Jaguar I-PACEJaguar I-Pace.Jaguar I-Pace.

Jaguar

Year Average list price
2020 $39,777
2021 $38,745
2022 $39,982
2023 (through February)
$35,943

Percent decrease since 2020: 9.6%

Kia Niro EV2020 Kia Niro EV.2020 Kia Niro EV.

Kia

Year Average list price
2020 $37,178
2021 $28,366
2022 $31,393
2023 (through February) $28,954

Percent decrease since 2020: 22.1%

Nissan LEAF2021 Nissan Leaf.2021 Nissan Leaf.

Nissan

Year Average list price
2020 $22,975
2021 $29,312
2022 $31,060
2023 (through February) $28,745

Percent increase since 2020: 25.1%

Tesla Model 3Tesla Model 3Tesla Model 3.

Tesla

Year Average list price
2020 $28,558
2021 $34,229
2022 $36,781
2023 (through February) $32,687

Percent increase since 2020: 14.5%

Tesla Model SA Tesla Model S at a charging station in New York.Tesla Model S.

Bruce Bennett/Getty Images

Year Average list price
2020 $37,638
2021 $48,368
2022 $52,863
2023 (through February) $46,774

Percent increase since 2020: 24.3%

Tesla Model XA gray Tesla Model X SUV drives down a road.Tesla Model X.

Tesla

Year Average list price
2020 $50,628
2021 $53,402
2022 $59,147
2023 (through February) $50,691

Percent increase since 2020: 0.1%

Tesla Model YTesla Model Y.Tesla Model Y.

Tesla

Year Average list price
2020 $47,717
2021 $41,167
2022 $43,338
2023 (through February) $37,348

Percent decrease since 2020: 21.7%

Volkswagen e-GolfVolkswagen e golf 1Volkswagen e-Golf.

Volkswagen

Year Average list price
2020 $22,871
2021 $29,012
2022 $30,849
2023 (through February) $28,870

Percent increase since 2020: 26.2%

Volkswagen ID.4The 2023 Volkswagen ID.4 electric SUV.The 2023 Volkswagen ID.4 Pro promises 275 miles of range.

Volkswagen

Year Average list price
2021 $32,453
2022 $33,878
2023 (through February) $30,698

Percent decrease since 2021: 5.4%

Volvo XC40 RechargeVolvo XC40 Recharge 6

Volvo

Year Average 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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