Depreciation of electric cars: summary table
| Models | Price list | Depreciation (3 years after purchase) |
|---|---|---|
|
Tesla Model 3 |
44 990 € |
- 10 % |
|
Tesla Model X |
121 990 € |
- 43 % |
|
Polestar 2 |
48 690 € |
- 60.8% (5 years after purchase)
|
|
Porsche Taycan |
91 055 € |
- 40 % |
|
Hyundai IONIQ 5
|
51 300 € |
- 48 % |
|
Mini Cooper SE |
37 400 € |
- 59 % |
What is the discount on an electric car?
The vehicle discountalso known as depreciation, corresponds to the loss in value of an asset over time. The depreciation of an electric car is obtained by the difference between the purchase price and the resale price.
Why do vehicles come off the market?
Like their combustion counterparts, electric vehicles are also losing their value. According to a study by Automobile magazinean electric car would lose between 40% and 60% of its value, 3 years after its 1ʳᵉ use.
There are a number of reasons why electric cars come at a discount:
- mileage
- vehicle make and model
- age
- the number of second-hand resales
- vehicle type
In fact, we have an article that will give you more details on the depreciation of an electric carwith tips on how to prolong the value of your vehicle.
SMEs: which electric car to choose?
As the years go by, buying an electric car becomes an increasingly important decision for professionals. So it's essential to choose a car that :
- meets the needs of society
- is high-performance
- lasts over time with slower depreciation
Tesla Model 3
For this flagship model of the American brand, the discount is estimated at 10.2% after a 3-year discount, a low result, up to 5 times less than its smaller sisters(Tesla Model X and Model Y).
With arange of 491 km and a speed of 225 km/h, prices start from €44,990.
Tesla Model X
As for the Model X, this vehicle is also very much in demand on the market, thanks to its solid performance on the resale value of electric cars.
In terms of price, the Tesla Model X is one of the highest-priced Teslas in the catalog - starting at €121,990 - and, after three years, it is estimated to lose only 43% of its value.
Given current trends, there's good reason to believe that this car will give even stronger returns depending on each potential buyer.
Good to know: on most Tesla electric carstheir discount is well below average. The reason Tesla vehicles have a better discount is that they are regularly updated to reinforce existing features and add new ones. As a result, depreciation is much lower.
For more information : ecological bonus: everything you need to know
Bonus Since January 2023, Tesla prices have been reduced in Europe, making the Model 3 and Model Y eligible for the 2023 environmental bonus.
Why not go electric with a Tesla?
With Beev, take advantage of the sales and treat yourself to the Tesla of your dreams at the best long-term leasing prices!
Polestar 2
The electric brand Polestar also offers low depreciation vehicles, such as the Polestar 2.
For this electric car, iSeeCars reports that the Polestar 2 loses 60.8% of its value, 5 years after purchase.
Prices start at €48,690 for the Standard Range Single motor version, with a range of up to 518 km. As for charging, the electric car can be recharged in 34 minutes on a 10-80% fast charge (DC). Other versions recharge in 28 minutes.
Also read : Porsche Taycan, Polestar 2 - what are the alternatives to Tesla?
Porsche Taycan
The Porsche Taycan is a technological innovation in the automotive world. Porsche Taycan also comes at a lower discount. In fact, 3 years after its purchase, this electric sedan preserves its value at around 60%, i.e. a 40% discount.
In terms of performance, this Porsche electric accelerates from 0 to 100 km/h in 5.4 s.
It can achieve a range of up to 100 km in 5 minutes of charging, with a maximum charging power of 270 kW.
With prices starting from €91,055, several models are offered by the electric car brand :
- Taycan 4 Cross Turismo
- Taycan Sport Turismo
- Taycan 4S / Cross Turismo / Sport Turismo
- Taycan GTS / Sport Turismo
- Taycan Turbo / Cross Turismo / Sport Turismo
- Taycan Turbo S / Cross Turismo / Sport Turismo
Hyundai IONIQ 5
The Korean brand Hyundai is also known for designing electric vehicles with low depreciation.
Priced from €51,200, the Hyundai IONIQ 5 on the electric car market means it can consolidate its value even three years after purchase. So, with a 48% loss in value, many buyers may be interested in this electric car in the event of a resale.
Mini Cooper SE
The Mini Cooper SE or Mini Electric is also known for its much slower depreciation.
The Mini Electric is a top-of-the-range small hatchback that is surprisingly affordable, both up front and over the long term, retaining 59% of its initial selling price over three years. With a 135 kW, 184 hp electric block, this electric city car can develop up to 270 Nm of torque.
To recharge the Mini Electric :
- domestic current: 13h to reach 80% charge
- AC: 36 min to reach 80% load (up to 50 kW)
Available from 37 400 with Essentiel trim, other versions are also available:
- Mini Electric Edition Premium: from €38,300
- Mini Electric Edition Resolute Essentiel: from €39,100
- Mini Electric Edition Premium Plus: from €39,900
- Mini Electric Edition Resolute Plus: from €41,600
Also read : Honda e VS Mini Cooper SE - the face-off between small city cars
