The U.S. used-car market in recent years has seen electric vehicles suffer from particularly high depreciation rates, but there’s at least one EV that’s done playing by the rules.
According to numbers from a July study on three-year-old cars by iSeeCars, the average depreciation of all EVs coming off leases it looked at was 52 percent. But not all EVs lose this much ground this fast.
The Tesla Model S was at 36.3 percent and the Model X lost 33.9 percent, which also beat the average depreciation for all cars (both EVs and internal-combustion vehicles) coming off three-year leases this year, which was 39.1 percent. For trucks it was 34.3 percent, and for SUVs it was 39.7 percent. Those numbers make the Model 3’s role as an outlier in iSeeCars’ report all the more eye-popping. It depreciated just 10.2 percent.
Read the article at MSN.