EV Resale Value Rankings

EV Depreciation Tracker

See which electric cars hold their value best — and which ones are the best used deals right now.

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62 EVs tracked across 2020-2024 model years

Showing 81 vehicles

#VehicleMSRPAvg Used PriceDepreciationRetention ▼RatingTrend
1Kia EV32025Compact SUV$31,000$28,500-8%92%A→
2Cadillac Vistiq2025Luxury SUV$78,000$72,000-8%92%A→
3Hyundai Ioniq 92025SUV$58,000$53,500-9%91%A→
4Volkswagen ID. Buzz2024Van$58,995$53,500-9%91%A→
5Kia EV92025SUV$54,900$49,500-10%90%A→
6Acura ZDX2024Luxury SUV$63,900$56,000-12%88%A→
7Tesla Model 32024Sedan$38,990$33,200-14.8%85.2%A→
8Rivian R1S2024SUV$75,900$64,500-15%85%A→
9Honda Prologue2024SUV$47,400$40,500-15%85%B→
10Chevrolet Equinox EV2024SUV$33,900$28,500-15.9%84.1%A↑
11Tesla Model Y2024SUV$44,990$37,800-16%84%A→
12Rivian R1T2024Truck$69,900$58,600-16.2%83.8%A→
13Ford F-150 Lightning2024Truck$52,490$43,800-16.6%83.4%A→
14Hyundai Ioniq 52024SUV$43,875$36,500-16.8%83.2%A↑
15Kia EV62024SUV$43,975$36,200-17.7%82.3%A→
16GMC Sierra EV2024Truck$96,495$78,700-18.4%81.6%A-→
17Hyundai Kona Electric2024SUV$33,550$27,200-18.9%81.1%A-↑
18Ford Mustang Mach-E2024SUV$42,995$34,500-19.8%80.2%A-→
19Volkswagen ID.42024SUV$39,735$30,800-22.5%77.5%B+→
20Volvo EX302024SUV$36,245$28,100-22.5%77.5%B+→
21Chevrolet Silverado EV2024Truck$77,900$60,000-23%77%B↓
22Chevrolet Blazer EV2024SUV$44,990$34,500-23%77%C↓
23Porsche Macan EV2024SUV$78,800$61,000-23%77%A→
24Polestar Polestar 22024Sedan$44,900$34,100-24.1%75.9%B↓
25BMW iX2024Luxury SUV$87,100$65,300-25%75%B→
26Nissan Ariya2024SUV$39,590$29,700-25%75%B→
27Toyota bZ4X2024SUV$42,000$31,500-25%75%C↓
28Rivian R1S2023SUV$78,000$57,800-25.9%74.1%A↑
29Tesla Cybertruck2024Truck$79,990$58,200-27.2%72.8%B↓
30Tesla Model 32023Sedan$42,490$30,700-27.7%72.3%A→
31Hyundai Ioniq 52023SUV$42,745$30,900-27.7%72.3%A↑
32Porsche Taycan2024Sedan$99,400$72,000-28%72%B→
33Rivian R1T2023Truck$73,000$52,500-28.1%71.9%A→
34Ford F-150 Lightning2023Truck$55,974$40,200-28.2%71.8%A→
35Cadillac Lyriq2024Luxury SUV$58,590$41,500-29.2%70.8%B→
36Kia EV62023SUV$42,600$30,100-29.3%70.7%A↑
37Tesla Model Y2023SUV$47,490$33,500-29.5%70.5%A→
38Volvo EX902024Luxury SUV$76,295$53,400-30%70%B-↓
39Audi Q4 e-tron2024SUV$50,500$35,000-31%69%B→
40Chevrolet Bolt EUV2023SUV$28,795$19,400-32.6%67.4%B+↑
41Hyundai Kona Electric2023SUV$34,845$23,400-32.8%67.2%B+→
42Kia EV62022SUV$41,400$27,500-33.6%66.4%A-→
43Chevrolet Bolt EV2023Hatchback$27,495$18,200-33.8%66.2%B+↑
44Mercedes-Benz EQS2024Luxury Sedan$104,400$68,900-34%66%C+↓
45Volvo EX402024SUV$53,450$35,100-34.3%65.7%B-→
46Hyundai Ioniq 52022SUV$41,450$27,200-34.4%65.6%A-→
47BMW i42023Luxury Sedan$52,200$33,400-36%64%B→
48Tesla Model 32022Sedan$46,990$29,500-37.2%62.8%A-→
49Ford Mustang Mach-E2023SUV$43,995$27,500-37.5%62.5%B↓
50Tesla Model Y2022SUV$65,990$41,200-37.6%62.4%A-→
51Chevrolet Bolt EUV2022SUV$28,195$17,600-37.6%62.4%B→
52Volkswagen ID.42023SUV$39,735$24,600-38.1%61.9%B↓
53Chevrolet Bolt EV2022Hatchback$26,595$16,400-38.3%61.7%B→
54BMW iX2023Luxury SUV$84,100$50,500-39.9%60.1%B↓
55Hyundai Kona Electric2022SUV$34,845$20,900-40%60%B→
56Polestar Polestar 22023Sedan$47,800$28,700-40%60%B↓
57Volvo XC40 Recharge2023SUV$53,550$32,100-40.1%59.9%B→
58Tesla Model Y2021SUV$53,990$31,800-41.1%58.9%A-→
59BMW i42022Luxury Sedan$52,200$29,800-42.9%57.1%B-→
60Ford Mustang Mach-E2022SUV$44,995$24,800-44.9%55.1%B-↓
61Volkswagen ID.42022SUV$38,995$21,200-45.6%54.4%B-↓
62Polestar Polestar 22022Sedan$47,200$25,100-46.8%53.2%B-↓
63Volvo XC40 Recharge2022SUV$55,300$28,900-47.7%52.3%B-→
64BMW iX2022Luxury SUV$84,100$43,800-47.9%52.1%B-↓
65Tesla Model X2022Luxury SUV$109,990$56,800-48.4%51.6%C+→
66Tesla Model S2022Luxury Sedan$94,990$48,500-48.9%51.1%C+→
67Mercedes-Benz EQS2023Luxury Sedan$105,550$53,800-49%51%C↓
68Ford Mustang Mach-E2021SUV$43,995$22,100-49.8%50.2%B-→
69Nissan Leaf2023Hatchback$28,895$14,500-49.8%50.2%C↓
70Audi e-tron2022Luxury SUV$66,995$32,500-51.5%48.5%C↓
71Tesla Model X2021Luxury SUV$99,990$48,500-51.5%48.5%C→
72Tesla Model S2021Luxury Sedan$89,990$42,200-53.1%46.9%C→
73Lucid Air2023Luxury Sedan$87,400$39,500-54.8%45.2%C-↓
74Nissan Leaf2022Hatchback$28,425$12,800-54.9%45.1%C-↓
75Jaguar I-PACE2022Luxury SUV$71,050$31,200-56.1%43.9%C-↓
76Audi e-tron2021Luxury SUV$65,900$28,900-56.1%43.9%C-↓
77Mercedes-Benz EQS2022Luxury Sedan$103,360$44,200-57.2%42.8%C-↓
78Nissan Leaf2021Hatchback$27,745$11,200-59.6%40.4%C-↓
79Jaguar I-PACE2021Luxury SUV$70,875$28,500-59.8%40.2%D↓
80Lucid Air2022Luxury Sedan$89,050$35,200-60.5%39.5%D↓
81Nissan Leaf2020Hatchback$32,620$11,900-63.5%36.5%D↓

Key Takeaways

Best Value Retention

1. Kia EV3 (2025)92%
2. Cadillac Vistiq (2025)92%
3. Hyundai Ioniq 9 (2025)91%

Best Used EV Deals

1. Nissan Leaf (2020)-63.5% ($11,900)
2. Lucid Air (2022)-60.5% ($35,200)
3. Jaguar I-PACE (2021)-59.8% ($28,500)

EV depreciation trends in 2026: The used EV market has matured significantly. Tesla Model Y and Model 3 continue to lead in value retention thanks to strong brand loyalty, OTA updates, and the Supercharger network. Korean EVs from Hyundai and Kia are climbing the ranks with excellent technology and competitive pricing.

Luxury EVs see the steepest depreciation in dollar terms, making them incredible used values. A Mercedes EQS or Lucid Air that originally sold for $90K-$105K can now be found for under $45K. For budget-conscious buyers, the discontinued Chevrolet Bolt and aging Nissan Leaf offer full EV ownership for under $15K-$18K.

Data sources: iSeeCars 2026 Depreciation Study, Recurrent Used EV Market Report, KBB Fair Market Value. Last verified: 2026-05-06. Used prices are market averages and may vary by condition, mileage, region, and trim level.

Understanding EV Depreciation

Electric vehicles depreciate differently than gas cars. While the average new gas car loses about 40% of its value in 3 years, EVs vary wildly — from as little as 25% (Tesla Model Y) to over 60% (Lucid Air, early Nissan Leaf). Three things drive the spread: brand perception, battery-tech generational risk, and charging-standard longevity. An EV stuck on CHAdeMO depreciates faster than one on NACS or CCS, because future charging access shrinks. An early air-cooled battery (2015-era Leaf) depreciates faster than a liquid-cooled one (2022 Ioniq 5), because capacity risk is priced in. And a Tesla Model Y keeps value because the brand has high demand on the used market and OTA software updates keep the car feeling new for years longer than a gas equivalent.

Best EVs for Resale Value in 2026

The top five value-retainers after 3 years: Tesla Model Y (72%), Tesla Model 3 (70%), Rivian R1S (74%), Hyundai Ioniq 5 (69%), and Kia EV6 (68%). Tesla continues to dominate because of brand loyalty, a still-unmatched Supercharger network, and frequent OTA feature additions that keep even 5-year-old cars feeling current. The Rivian R1S punches above its weight thanks to constrained production and strong demand for three-row electric SUVs — there simply aren't enough used R1Ss on the market to drive prices down. Korean brands (Hyundai, Kia, Genesis) benefit from 800V architecture, 10-year battery warranties that transfer to second owners, and pricing discipline from HMG's dealer network.

Best Used EV Deals Right Now

Steep depreciation is a buyer's best friend. The most dramatic used-EV discounts in 2026:

  • Lucid Air Pure — new MSRP ~$78K, 3-year-old used ~$32K (58% off). Six-figure technology for the price of a loaded Model 3. The catch: limited service network, higher-than-expected maintenance costs on air suspension.
  • Chevrolet Bolt EV (2022+) — new MSRP ~$27K, 3-year-old used ~$16K (41% off). Every 2022+ Bolt got a new battery pack under the LG recall, which effectively reset the battery-health clock on the used market. Best dollars-per-mile in the entire EV segment.
  • Mercedes EQS 450+ — new MSRP ~$105K, 3-year-old used ~$48K (54% off). Best luxury sedan depreciation in the industry. 10-year/155K mile battery warranty (transferable) means the used buyer gets 7+ years of remaining coverage.
  • Jaguar I-PACE — new MSRP ~$70K, 3-year-old used ~$27K (61% off). The steepest luxury depreciation driver: Jaguar has publicly deprioritized the model, which is priced in. For buyers who don't mind an orphan model, the value proposition is unbeatable.
  • Volkswagen ID.4 — new MSRP ~$42K, 3-year-old used ~$19K (55% off). Recalls in 2021-2022 created an overhang; 2023+ models have since been fixed, which makes 2023-2024 used ID.4s the best bargain in the mass-market EV SUV segment.

The 2026 Lease-Return Wave

J.D. Power forecasts a ~230% spike in returning EV lease volume in 2026 vs prior years — the back-end of the 2022-2023 lease boom that was juiced by the commercial-credit pass-through (the "lease loophole" §45W, since closed). Most of those leases hit 36-month maturity in Q3-Q4 2026, dumping a wave of off-lease inventory into the used market at the same time the federal $7,500 credit is gone.

The combination is a buyer's market for used EVs. Two predictions worth tracking:

  • Mass-market EVs hit hardest. Mach-E, ID.4, Bolt EUV, and Ioniq 5 are the highest-volume lease returns. Expect another 5–10% softening on those nameplates in the back half of 2026 on top of the current depreciation curve.
  • Luxury EVs hit hardest in absolute dollars. EQS, iX, Lucid Air, and Lyriq leases tend to be 24-month, with returns concentrated in 2026 from the 2024 lease cohort. Used EQS / iX inventory could see another $5K–$8K price erosion before stabilizing in 2027.
  • Tesla largely unaffected. Tesla's leasing share is much smaller than legacy makers'. The lease wave doesn't materially expand Tesla used supply.

If you're patient, Q4 2026 through Q1 2027 will likely be the best used-EV pricing window in years. Inventory peaks, demand is dampened by the missing federal credit, and dealers carrying CPO EVs need to move them before year-end. Pair this page with our Used EV Battery Health Checker before pulling the trigger.

The Tesla Premium — and When It Fades

Tesla's value retention is well-documented — but it's not universal. The Model Y and Model 3 hold well because they occupy mass-market price points with high demand. The Model S and Model X depreciate sharply (48–53% over 4–5 years) because they sit in the luxury segment where all cars depreciate hard, regardless of powertrain. A 2021 Model S at 50% of its original MSRP is still only 5 percentage points better than a 2021 Porsche Taycan or Audi e-tron GT at 55–58% — the brand premium is real but narrower than many buyers assume.

What Affects EV Resale Value

After three years of pricing data across 60+ EVs in our tracker, five factors consistently dominate:

  1. Brand demand on the used market — Tesla, Rivian, and Hyundai/Kia clear inventory fastest. Luxury orphans (Jaguar, early Polestar, Audi e-tron) sit on lots longest.
  2. Charging standard future-proofing — NACS and CCS vehicles hold value. CHAdeMO-only (older Leafs) penalizes resale because public-charging access is shrinking.
  3. Battery thermal management — liquid-cooled batteries (every 2020+ EV except early Leafs) retain buyer confidence. Passively-cooled packs don't.
  4. Production volume — rare is valuable. Rivian's limited production has held its R1S/R1T above the curve; Mustang Mach-E's mass production has pulled its resale below.
  5. Battery health verification — certified SOH reports (Tesla app, Rivian app, Recurrent) command a 10–15% premium over comparable VINs without certs. Always ask before buying used.

Frequently Asked Questions

Which EVs hold their value the best?

The Tesla Model Y and Model 3 consistently top the rankings, retaining 70–72% of their original value after 3 years. The Rivian R1S is a close third at ~74% retention, driven by limited production and high demand. The Hyundai Ioniq 5 and Kia EV6 round out the top five with 68–70% retention — strong for a non-Tesla EV.

What is the Tesla Model Y resale value in 2026?

A 2-year-old (2024) Tesla Model Y retains about 84% of its original value, with an average used price around $37,800 vs. a $44,990 MSRP. The Juniper refresh holds particularly well. Older Model Y's: 2023 retains ~70.5% ($33,500 avg used), 2022 retains ~62% ($41,200 used from a higher $65,990 MSRP), and 2021 retains ~59% ($31,800 used). Standard Range RWD trims depreciate slightly faster than Long Range AWD.

What is the Rivian R1S resale value in 2026?

The 2024 Rivian R1S retains about 85% of its original value — one of the strongest retention rates of any EV. Average 2024 R1S used prices sit around $64,500 against a $75,900 MSRP. 2023 R1S retains roughly 74% (~$57,800 avg used). Limited production volume and an enthusiastic adventure-buyer demographic prop up resale. The R1T pickup follows a similar curve — 84% retention at year 2.

How much do electric cars depreciate?

On average, EVs depreciate 35–40% over 3 years. The best performers (Tesla Model Y, Rivian R1S) lose only 25–30%. The steepest depreciators — Lucid Air (62% over 3 years), Jaguar I-PACE (58%), early Nissan Leaf (55%) — can shed half their value faster than comparable gas luxury cars. Luxury EVs tend to depreciate more in dollar terms because their MSRPs were higher to begin with.

What is the Hyundai Ioniq 5 resale value in 2026?

A 2024 Hyundai Ioniq 5 retains about 83% of its original value — average used price ~$36,500 against a $43,875 MSRP. The 800V architecture, 10-year battery warranty, and N Line trim (added for 2024) all support resale. Older years: 2023 Ioniq 5 retains roughly 68%, 2022 about 60%. The Ioniq 5 holds value better than the Kia EV6 (which retains ~82% at year 2) and significantly better than the VW ID.4 (~78%).

What is the best used EV to buy right now?

For budget buyers, the 2022+ Chevrolet Bolt EV (under $18K) is exceptional — every unit got a free replacement battery under the LG recall, which effectively reset the battery-health clock. For luxury value, the Lucid Air at ~$45K used (from $110K new) is the most dramatic discount in the EV market. For balanced value, the 2023+ Hyundai Ioniq 5 and Kia EV6 at ~$32–38K used offer modern 800V architecture for roughly half the new price.

Do Teslas depreciate faster than other EVs?

No — the Tesla Model Y and Model 3 are among the best EVs for value retention (27–30% depreciation over 3 years). However, the higher-priced Model S and Model X depreciate more (48–53% over 4–5 years), which is typical for any luxury sedan or SUV regardless of powertrain. The Cybertruck is too new for meaningful resale data; early transaction prices suggest moderate depreciation in line with Model Y.

Why do some EVs depreciate faster than others?

Five factors drive the spread: brand perception (Tesla and Hyundai/Kia hold value best), charging standard (CHAdeMO-equipped Leafs are penalized), production volume (limited Rivians hold better than mass-market Mach-Es), battery confidence (liquid-cooled > passively-cooled), and technology pace (older 400V platforms feel dated next to 800V). Luxury EVs also face typical luxury-car depreciation on top of EV-specific factors.

Is now a good time to buy a used EV?

Yes — 2024 and early-2026 were the steepest-depreciation years on record for used EVs. A 3-year-old Lucid Air now trades at 38% of MSRP; a 2-year-old Mercedes EQS at 55%. For luxury buyers willing to accept slightly shorter remaining warranty, the discounts are historically large. For budget buyers, Chevrolet Bolts and Nissan Leafs under $18K remain unbeaten on dollars-per-mile.

Does battery health affect EV resale value?

Massively. A 3-year-old EV with a certified 92% State-of-Health sells for 10–15% more than an otherwise-identical car with 82% SOH. Use the built-in battery health report in the Tesla/Rivian apps before buying used, or ask the dealer for an OBD-II battery scan. Sites like Recurrent publish VIN-specific battery health certificates; a missing cert should be treated as a red flag.

How does the federal EV credit expiration affect depreciation?

The $7,500 federal Clean Vehicle Credit expired September 30, 2025. Pre-October-2025 used EV buyers who claimed the $4,000 Used Clean Vehicle Credit (25E) effectively paid a lower real price, which compresses resale comparables for that cohort. New EVs sold October 2025 onward have no federal credit embedded in their transaction price, which should flatten depreciation slightly going forward — buyers won't take a hit for a credit they never received.

Related depreciation reading