Updated
Updated · Supercar Blondie · Jul 8
High Peak Autos Finds 10 EVs Lost Over 50% Value, With $150,000 Models Near $30,000
Updated
Updated · Supercar Blondie · Jul 8

High Peak Autos Finds 10 EVs Lost Over 50% Value, With $150,000 Models Near $30,000

2 articles · Updated · Supercar Blondie · Jul 8

Summary

  • Ten electric vehicles reviewed by High Peak Autos had all fallen sharply from their UK list prices, with most losing well over half their value on the used market.
  • About $150,000 Porsche Taycan and Audi e-tron GT models were among the steepest decliners, dropping to roughly $30,000 for older, higher-mileage examples; a Jaguar I-PACE fell from about $94,000 to $13,000.
  • Other big drops included the BMW iX from roughly $106,000 to $40,000, the Mercedes EQC from $93,000 to $27,000, and the Hyundai Ioniq 5 and Polestar 2 to around or below $20,000.
  • The review compared current resale prices with original MSRPs in the UK, highlighting how several once-premium EVs now trade at a fraction of their launch prices.

Insights

With prices crashing and used demand soaring, is the EV market in crisis or just becoming more accessible?
If EV batteries are more resilient than feared, why are resale values collapsing so dramatically?