Report: EVs, including Tesla, depreciate faster than ICEs

[Redaktion]

A report by iSeeCars has ranked vehicles according to their depreciation rates. Electric vehicles lose their value faster, with 58.8 percent in five years, compared to the industry average of 45.6 percent. The Jaguar i-Pace sheds the most, but Teslas feature prominently in the top ten.

https://www.notebookcheck.net/Report-EVs-including-Tesla-depreciate-faster-than-ICEs.990659.0.html

[heffeque]

ICE car technology advancement is a lot slower than EV.
EV technology is evolving how smartphones used to evolve when they first came out: really REALLY fast.
In just a few years battery range has improved a lot, charging speed also, and prices have been steadily going down, especially on countries without tariffs on Chinese cars.

[Swizzy]

How repairable are they? Must be horrendously expensive if you have to keep going back to the dealer instead of independent garages.

[heffeque]

How repairable are they? Must be horrendously expensive if you have to keep going back to the dealer instead of independent garages.

Independent dealers do battery fix/replacements cheaper, but some brands don't allow independent dealers (Tesla mostly).

[anan]

Teslas are notoriously bad on repair-ability. Especially body damage. Aluminum construction necessitates parts replacement instead of fixing dents. Same goes for Rivian and any luxury car with expensive body panels.

[A]

These deprecation reports are useless if they don't subtract tax credits. If an EV costs say 40k, and it has a 7.5k tax credit, that means it deprecated 18.75% the moment it leaves the lot on top of the standard deprecation. Because who would pay 35k for a used 40k EV when you can get it new for 32.5k after tax credit?