by Tesla Electric Vehicles’ Value Is Sharply Falling on the Used Market
Research has shown that electric vehicles make up half of the list of cars that have lost the most value over the past 12 months. The leader in price drops is the Tesla Model S, which has become cheaper by 15.8%. It is followed by the Model X (15.5%) and Model Y (13.6%). The top 10 also included the Porsche Taycan, Maserati Levante, and Lincoln Aviator.
Although Tesla still holds over 40% of the electric vehicle market in the US, demand for its cars is decreasing. This is reflected not only in new car sales but also on the used market. The average price of electric vehicles as a whole fell by 4.8%, while internal combustion engine cars, on the contrary, became more expensive by 5.2%.
Top 10 Models by Price Drop
This data indicates that used car buyers are treating electric vehicles with greater caution. The situation may worsen after the cancellation of tax incentives for electric cars in September, which could further impact their market value.
