We’ve all heard the unfortunate reality that a new car’s value takes a significant hit the moment it leaves the dealership lot. It’s no secret that cars typically depreciate substantially after a decade of use, including electric vehicles (EVs). However, some EV models experience faster and more drastic depreciation than others.
A recent study conducted by Boohoff Law, a personal injury firm, identified the top 10 EV models that have seen the most significant loss in value between 2015 and 2025. These cars have experienced depreciation of up to nearly 90%, so buyers should be cautious when considering these models.
Here are the top 10 EV models with the highest depreciation rates over the past decade:
10. Volkswagen e-Golf
– 2015 MSRP: $35,500
– 2025 average resale price: $7,600
– Price change: -78.59%
9. Chevrolet Spark EV
– 2015 MSRP: $25,995
– 2025 average resale price: $5,400
– Price change: -79.23%
8. Kia Soul EV
– 2015 MSRP: $35,700
– 2025 average resale price: $7,200
– Price change: -79.83%
7. Ford Focus Electric
– 2015 MSRP: $29,120
– 2025 average resale price: $5,833
– Price change: -79.97%
6. Mercedes-Benz B-Class ED
– 2015 MSRP: $41,450
– 2025 average resale price: $7,500
– Price change: -81.91%
5. Nissan Leaf
– 2015 MSRP: $29,010
– 2025 average resale price: $5,200
– Price change: -82.08%
4. Peugeot iOn
– 2015 MSRP: $35,800
– 2025 average resale price: $5,800
– Price change: -83.80%
3. BMW i3 (BEV)
– 2015 MSRP: $43,395
– 2025 average resale price: $5,940
– Price change: -86.31%
2. Fiat 500e
– 2015 MSRP: $32,780
– 2025 average resale price: $3,827
– Price change: -88.33%
1. Tesla Model S
– 2015 MSRP: $95,600
– 2025 average resale price: $9,800
– Price change: -89.75%
Source: Boohoff Law, “EV Car Brands That Lose Most Of Their Value After 10 Years
