Automotive News & VideosWheelCircuit

UK Electric Car Depreciation Report: Top Models Losing Value in 2023

UK Electric Car Depreciation Report: Top Models Losing Value in 2023
Image copyright Youtube
Authors
    Published on
    Published on
  • Name
    By Dushyant
    Twitter
    (@dishs)

Carwow, in collaboration with Cap HBI, delves into the harsh reality of depreciation, focusing on the electric car market in the UK. The Porsche Taycan takes a brutal hit, losing 20% of its value in just a year. But the shock doesn't end there - the Kia EV6 and Cupra Born follow suit with a significant drop of 26.7% and 26.8%, respectively. It's a bloodbath out there for these electric machines.

Moving on to the Audi e-tron GT, its value plummets by 27%, while the Mercedes EQC and Renault Megane E-Tech suffer a 27.4% decline. The Aura Cat isn't spared either, facing a hefty 28.9% drop. And then there's the Mercedes EQB, shedding a whopping 30.7% in value. It's a tough world for these EVs, with each turn of the wheel costing owners a chunk of change.

Shifting gears to the BMW 7 Series hybrid, it bucks the trend with a 5.1% increase in value, unlike the BMW i4 which sees a 14.1% depreciation. The Volvo C40 and Toyota BZ4X take a hit of 31% and 32%, respectively. But the real shocker comes from the Lexus UX and Citroen C4 X, plummeting by 32.1% and 32.6%. It's a rough ride for these electric beasts in a market where internal combustion engines seem to hold their ground better.

uk-electric-car-depreciation-report-top-models-losing-value-in-2023

Image copyright Youtube

uk-electric-car-depreciation-report-top-models-losing-value-in-2023

Image copyright Youtube

uk-electric-car-depreciation-report-top-models-losing-value-in-2023

Image copyright Youtube

uk-electric-car-depreciation-report-top-models-losing-value-in-2023

Image copyright Youtube

Watch The WORST depreciating EVs 2024! on Youtube

Viewer Reactions for The WORST depreciating EVs 2024!

Person with Porsche Taycan with 20 miles on it might be trying to get on the list for a 911 GT3 RS

Prefer buying slightly used cars over new ones

Trading in a car within a year is considered a waste, better to lease

Market adjustments in EV prices are expected as cheaper Chinese manufacturers enter the market

Depreciation rates vary significantly in different countries

Consider buying second-hand EVs rather than new ones

Concerns about the resale value and longevity of EVs compared to traditional vehicles

Infrastructure and high initial costs still affect the EV market

Some users express skepticism about the convenience and value of EVs

Some users suggest avoiding buying EVs altogether

lamborghini-aventador-svj-vs-tuned-bmw-x3m-drag-race-showdown
carwow

Lamborghini Aventador SVJ vs Tuned BMW X3M: Drag Race Showdown

Witness the epic drag race between a Lamborghini Aventador SVJ and a tuned BMW X3M. The Lamborghini's 760 horsepower triumphs over the X3M's 730 horsepower, securing victory in a thrilling showdown.

revolutionizing-electric-performance-unveiling-the-amg-gtx-concept-car
carwow

Revolutionizing Electric Performance: Unveiling the AMG GTX Concept Car

Experience the groundbreaking AMG GTX concept car, set to revolutionize the automotive industry with its cutting-edge technology, aerodynamic design, powerful axial flux motors, and rapid 850 kW charging capability. Discover the future of electric performance vehicles.

ultimate-engine-durability-test-mercedes-vs-bmw-vs-audi-showdown
carwow

Ultimate Engine Durability Test: Mercedes vs. BMW vs. Audi Showdown

CarWow tests durability of Mercedes, BMW, and Audi engines in a unique drag race. Mercedes emerges victorious, showcasing its resilient engine.

ferrari-sp3-vs-pagani-huayra-italian-supercar-showdown
carwow

Ferrari SP3 vs Pagani Huayra: Italian Supercar Showdown

Car Wow races Ferrari SP3 against Pagani Huayra in epic showdown. Ferrari's 840hp V12 dominates, outperforming Pagani in quarter-mile, rolling race, and braking test. Witness Italian supercar excellence at its peak!