A study by iSeeCars found that electric vehicles have significantly higher depreciation rates than gas-powered vehicles on average. EVs had an average 5-year depreciation rate of 49.1%, compared to 38.8% for all vehicle types. Among the EVs tracked that have been out for at least 5 years, the Tesla Model 3 had the best retention at 42.9% depreciation, followed by the Tesla Model X was second best at 49.9%. The Nissan Leaf came in at 50.8% and Chevrolet Bolt EV at 51.1%.
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00:00 It's Benzinga and here's what's on the block.
00:02 A study by IC Cars found that electric vehicles have significantly higher depreciation rates than
00:07 gas-powered vehicles on average. EVs had an average 5-year depreciation rate of 49.1%,
00:12 compared to 38.8% for all vehicle types. Among the EVs tracked that have been out for at least 5
00:18 years, the Tesla Model 3 had the best retention at 42.9% depreciation, followed by the Tesla Model X,
00:24 which was second best at 49.9%. The Nissan Leaf came in at 50.8% and the Chevy Bolt came in at 51.1%.
00:30 The oldest Tesla, the Model S, had the worst retention of the group,
00:33 at 55.5% depreciation after 5 years. For all things money, visit Benzinga.com.