The hits keep coming for electric vehicles. Study after study reveals EVs are like any other piece of rapidly evolving technology, in that they quickly lose value as companies continue to innovate. A new iSeeCars study reveals a list of cars with the highest five-year depreciation rates, and four out of the top 10 are electric vehicles.
the Jaguar I-Pace takes the biggest hit and tops the list, losing 72.2 percent of its value, or $51,953, after five years on average. The Nissan Leaf is number seven on the list, losing 64.1 percent of its value, or $18,403, in just five years. The Tesla Model S and Model X are also on the list.
| Model | Ave. 5-Year Depreciation | Ave. Price Difference from MSRP |
| Jaguar I-Pace | 72.2% | $51,953 |
| BMW 7 Series | 67.1% | $65,249 |
| Tesla Model S | 65.2% | $52,165 |
| Infiniti QX80 | 65.0% | $53,571 |
| Maserati Ghibli | 64.7% | $70,874 |
| BMW 5 Series | 64.7% | $47,457 |
| Nissan Leaf | 64.1% | $18,043 |
| Maserati Levante | 64.7% | $64,991 |
| Tesla Model X | 63.4% | $53,846 |
| Cadillac Escalade ESV | 62.9% | $56,996 |
The other six cars in the top 10 are all luxury models. Maserati has two cars on the list, the Ghibli and the Levante. BMW also has two cars, the 7 Series and the 5 Series. The rest of the list includes luxury cars and other electric vehicles, making up nearly all models. Electric cars lost the most value over five years—58.8 percent on average.
That’s up nearly 10 percent from 2023, but the rate of depreciation increased across all segment types—EVs, hybrids, trucks, and SUVs all increased. On average, a five-year-old car lost 45.6 percent of its value, up from 38.8 percent in 2023.
“While a premium badge and the increased performance or luxury features that come with it are often sought out by new car buyers, the used car market doesn’t prioritize those traits to the same degree, thus the consistently higher depreciation for luxury models,” said iSeeCars Executive Analyst Karl Brauer.
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