EV Depreciation & Resale Value Estimator
Depreciation is the single biggest cost of owning almost any car — usually bigger than fuel and maintenance combined. EVs depreciate faster than they used to: a Model 3 or Model Y now loses roughly 50–55% over five years, a little more than the ~42–45% a typical gas vehicle sheds, after Tesla's price cuts pulled used values down. The upside is that Teslas still hold value better than most other EVs. Estimate what your EV might be worth down the road below.
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Where EVs stand on resale in 2026
- Price cuts are the headwind: manufacturers repeatedly trimming new-EV prices pulled used values down with them — the main reason depreciation now runs steeper than a typical gas car.
- Still strong demand on the used market keeps resale firmer than for most other EVs, even after those cuts.
- Over-the-air updates mean many EVs keep gaining features with age — Tesla, Rivian, Hyundai and others ship regular OTA improvements. That build of FSD V14 — so a used Tesla doesn't feel as dated as a comparable used gas car. A real, if modest, support for resale.
- Low running costs make a used EV attractive to the next buyer, supporting its price.
- Mileage still matters: drive well above ~13,500 miles a year and resale drops faster — this estimate accounts for that.
Estimate only. Real resale depends on trim, color, condition, battery health, options, and the used market when you sell. This uses the same front-loaded depreciation model as our cost calculator; it is not an offer or a guaranteed value.
Depreciation is only half the story
What an EV is worth at resale is one input into the bigger question — what it actually costs to own versus a gas car, year by year. Our Tesla vs gas cost calculator folds depreciation together with financing, charging, insurance, maintenance, and your state's fees to find your real break-even point.
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