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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.

Alexa St. John   

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

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-tron

Audi e-tron
Audi e-tron.      Stefanie Keenan/Getty Images for Audi of America
YearAverage list price2020$37,4152021$40,0542022$43,0022023 (through February)$37,725

Percent increase since 2020: 0.8%

BMW i3

BMW i3
BMW i3.      BMW
YearAverage list price2020$24,4542021$31,1062022$33,4222023 (through February)$31,193

Percent increase since 2020: 27.6%

Chevrolet Bolt EV

Chevrolet Bolt EV
Chevrolet Bolt EV.      Chevrolet
YearAverage list price2020$23,0512021$28,8872022$30,6962023 (through February)$28,561

Percent increase since 2020: 23.9%

Ford Mustang Mach-E

Ford Mustang Mach-E
2021 Ford Mustang Mach-E.      Tim Levin/Insider
YearAverage list price2021$42,7642022$38,4762023 (through February)$34,610

Percent decrease since 2021: 19.1%

Hyundai Ioniq Electric

Hyundai Ioniq Electric
Hyundai Ioniq Electric.      Hyundai
YearAverage list price2020$22,7262021$29,0282022$31,1462023 (through February)$28,802

Percent increase since 2020: 26.7%

Hyundai Kona Electric

Hyundai Kona Electric
Hyundai Kona Electric.      Hyundai
YearAverage list price2020$25,8772021$28,4892022$31,0612023 (through February)$28,584

Percent increase since 2020: 10.5%

Jaguar I-PACE

Jaguar I-PACE
Jaguar I-Pace.      Jaguar
YearAverage list price2020$39,7772021$38,7452022$39,9822023 (through February)
$35,943

Percent decrease since 2020: 9.6%

Kia Niro EV

Kia Niro EV
2020 Kia Niro EV.      Kia
YearAverage list price2020$37,1782021$28,3662022$31,3932023 (through February)$28,954

Percent decrease since 2020: 22.1%

Nissan LEAF

Nissan LEAF
2021 Nissan Leaf.      Nissan
YearAverage list price2020$22,9752021$29,3122022$31,0602023 (through February)$28,745

Percent increase since 2020: 25.1%

Tesla Model 3

Tesla Model 3
Tesla Model 3.      Tesla
YearAverage list price2020$28,5582021$34,2292022$36,7812023 (through February)$32,687

Percent increase since 2020: 14.5%

Tesla Model S

Tesla Model S
Tesla Model S.      Bruce Bennett/Getty Images
YearAverage list price2020$37,6382021$48,3682022$52,8632023 (through February)$46,774

Percent increase since 2020: 24.3%

Tesla Model X

Tesla Model X
Tesla Model X.      Tesla
YearAverage list price2020$50,6282021$53,4022022$59,1472023 (through February)$50,691

Percent increase since 2020: 0.1%

Tesla Model Y

Tesla Model Y
Tesla Model Y.      Tesla
YearAverage list price2020$47,7172021$41,1672022$43,3382023 (through February)$37,348

Percent decrease since 2020: 21.7%

Volkswagen e-Golf

Volkswagen e-Golf
Volkswagen e-Golf.      Volkswagen
YearAverage list price2020$22,8712021$29,0122022$30,8492023 (through February)$28,870

Percent increase since 2020: 26.2%

Volkswagen ID.4

Volkswagen ID.4
The 2023 Volkswagen ID.4 Pro promises 275 miles of range.      Volkswagen
YearAverage list price2021$32,4532022$33,8782023 (through February)$30,698

Percent decrease since 2021: 5.4%

Volvo XC40 Recharge

Volvo XC40 Recharge
Volvo
YearAverage list price2021$56,6812022$39,9422023 (through February)$35,693

Percent decrease since 2021: 36.6%


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