Chevrolet Equinox EV
Chevy’s Equinox EV is one of the brand’s most affordable electric SUVs. Budget EVs tend to lose value once newer, longer-range models are released. Sure, it’s practical and family-friendly, but buyers expect discounts that push the resale value way down.
Rivian R1S
Rivian’s R1S is fast, but it’s losing value just as fast. Resale buyers hesitate because it’s a relatively new brand, and people just don’t know much about its reliability. Add in software bugs and pricey repairs, and you’ve got a car people are scared to buy.
Tesla Model X
The Model X is one of the fastest-depreciating Teslas. Why? Because of repair costs, expensive parts, and tech that ages quickly. Yes, it looks fancy with those Falcon Wing doors, but once the warranty runs out, the resale value drops fast.
Ford Mustang Mach-E
The Mach-E started really strong, but the prices have been dropping fast. Ford’s frequent discounts and new models really hurt the resale value, and the Mach-E now sits on used lots for a long time. Buyers just don’t want to overpay for the tech.
Ford Explorer EV
The Explorer EV promised buyers big things. But the SUV is already depreciating in value thanks to constant discounts and tech changes. Buyers know newer, better versions will follow soon, so used prices usually drop early after the launch.
GMC Hummer EV SUV
The Hummer EV SUV is massive, but it loses value almost as quickly as it guzzles electricity. It has a heavy build, a high price tag, and low efficiency, which makes it really tough to resell. Secondhand buyers can’t justify the cost.
Tesla Model Y
Tesla’s Model Y is one of the best-selling EVs, but it also has one of the quickest dropping values. The brand keeps cutting its new-car prices, which makes used ones worth way less. The result? A resale value that takes a hit as soon as you leave the lot.
Chevrolet Blazer EV
Chevy’s Blazer EV had a pretty rocky start with software issues and recalls. Buyers are now cautious, and reliability concerns make people hesitate to buy one. The Blazer EV depreciates faster than expected for a brand-new Chevy electric SUV.
Rivian R1T
The R1T is technically a truck, but it has some cool SUV-like features and amazing off-road power. Unfortunately, Rivian has a small service network, which makes it hard to find a repair shop that won’t cost you an arm and a leg. Yes, it’s fun, but it’s expensive to own long-term.
Cadillac Lyriq
The Cadillac Lyriq is super luxurious, but that doesn’t stop its resale value from fading quickly. Cadillac is fairly new to the EV game, and buyers worry about the constant software updates, charging speeds, and software bugs. We’ll give it a few years before buying one.
VinFast VF 8
VinFast tried to crack the American market, but the VF 8’s poor reviews and high price didn’t help. Depreciation has been brutal, and used buyers just don’t yet trust the brand. Resale prices drop faster than those of almost any other EV SUV.
Lucid Gravity
Lucid’s new Gravity SUV is a stunner, but based on how fast the Lucid Air loses value, early depreciation is expected for the EV SUV, too. The brand is still fairly new, and very few service centers exist. It’s high-tech, sure, but it’s a risky buy.
Fisker Ocean
Fisker’s Ocean might be stylish and packed with cool features, but the company’s reputation hurts its resale value. Software issues and delays also don’t help. Now, used buyers worry Fisker won’t be around in a few years, which means used prices will drop quickly.
Jeep Grand Cherokee 4xe
The Grand Cherokee 4xe is a plug-in hybrid that’s powerful and capable. But it also loses value fast. Buyers love the idea of the 4xe, but worry about the battery life and repair costs. The gas versions hold their value way better, making this one a tough sell.
Chevrolet Bolt EUV
Chevy’s Bolt EUV is affordable, sure, but the depreciation hits hard. The recall history and GM’s decision to end production make used buyers really cautious. Yes, it’s a good little SUV, but resale prices drop quickly due to limited support and battery issues.
Tesla Cybertruck
The Cybertruck gets all the hype, but that resale value is rough! Earlier models have serious build quality issues, and the constant price changes really affect the depreciation. Once the novelty wears off, demand drops fast, and people lose interest.
Jeep Wagoneer S
Jeep's all-electric Wagoneer S is all about luxury. But, because it’s fairly new to the full-EV game, people are hesitant to buy them. A lot of buyers are waiting ot see how reliable it is before paying big bucks for one.
Buick Electra E5
Buick is still finding its footing in the EV market, and early buyers often pay way more than they would later on. Add in competition from Tesla and Hyundai, and the E5’s value is fading way faster than anyone expected. It’s not a bad car - it’s just one in a very crowded market.
Cadillac Escalade IQ
The electric Escalade looks amazing, right? It’s safe to say that it’s all about luxury. Most people who can afford one prefer to buy them new, so used ones just don’t sell as easily. You can expect depreciation to hit fast once newer and flashier EV SUVs hit the market.
Lincoln Aviator Grand Touring (PHEV)
Lincoln's Aviator PHEV is comfortable and powerful, but its hybrid batteries age quickly and cost a fortune to replace. That makes used buyers nervous. Gas versions also hold their value better, so this one drops in price faster than Lincoln’s traditional SUVs.
Faraday Future FF 91
The Future FF 91 is a luxury crossover with some incredible tech and even better performance. But Faraday’s shaky finances scare people off. They’ve made very few cars, and almost no resale market, so its value drops faster than any other SUV on our list.
Buick Electra E4
The Electra E4 hasn’t hit the U.S. yet, but based on early trends in China, it’s set to lose value fast. Buyers worry about its long-term reliability and battery life. We’ll have to wait and see what happens when it does land in the States.
Jeep Recon EV
The Recon EV looks like a tough off-roader. But it’s also one of Jeep’s first fully electric models, which makes resale tricky. People really love the idea of it, but are worried about its reliability and range worries.
GMC Terrain EV
The Terrain EV is still new to the EV market, but it, too, will drop in value way faster than gas versions. Why? Older models lose their appeal fast once newer models are launched. Unless GMC really nails the price range, used buyers will hold off buying them.
Lordstown Endurance
The Lordstown Endurance is technically a truck, but it’s close enough to an SUV. It’s had one of the worst resale performances in EV history. The company’s financial troubles scare buyers away, leaving used models worth a fraction of their actual price.
Chrysler Pacifica Hybrid
Chrysler’s Pacifica Hybrid sounds like a dream for families, but it loses value really quickly. The batteries are super pricey to replace, and minivans already struggle with resale value. Too many buyers are worried about maintenance and prefer the gas versions.
Lincoln Corsair Grand Touring PHEV
The Corsair PHEV has a quiet ride and a luxury feel. But that’s not enough to stop or slow down the depreciation. Plug-in hybrids are a bit of a gamble because they’re not fully electric and not fully gas, so used buyers shy away.
Dodge Hornet R/T
The Hornet R/T is a great car with pretty sporty looks and a punchy hybrid system. The resale value, however, is anything but great. PHEVs like this one tend to lose value because buyers worry about expensive battery repairs. Gas-only Hornets are also way cheaper.
Hyundai Ioniq 5
The Ioniq 5 is fun to drive, but the resale values are dropping fast. Hyundai keeps offering discounts and newer versions with better range, which really affects the resale value of older models. It’s a great EV, sure, but used buyers expect a big price cut, which means faster depreciation.
Kia EV6
The Kia EV6 looks sporty and modern, but it’s losing value quickly. Part of the problem is competition — newer EVs with longer ranges keep coming out. Kia also keeps adjusting prices, so used models don’t hold their value. It’s fun and fast, but not resale-friendly.
Nissan Ariya
The Ariya has comfort and style, but Nissan’s EVs tend to drop value fast. It came out a bit late, and buyers moved on to flashier models. With slow sales and heavy competition, used prices are already falling even though the car itself is solid and well-built.
Volvo EX30
The Volvo EX30 might be packed with tech, but depreciation could be steep. It’s affordable for a luxury brand, which usually means quicker resale drops. Used buyers worry about costly repairs and new tech bugs, which cause the resale value to drop quickly.
Polestar 2
The Polestar 2’s resale values are slipping. It’s still a newish brand, and buyers aren’t sure about its long-term reliability or battery life. Even with Volvo’s backing, the used prices drop fast as newer competitors enter the same price range.
BMW IX
BMW’s iX is a luxury powerhouse, but that doesn’t mean it holds its value well. This EV depreciates like crazy. And that high price tag means bigger dollar losses over time. Add in the cost of expensive parts, and buyers prefer leasing over buying.
Mercedes-Benz EQB
The EQB is comfortable and classy. Sadly, luxury EVs lose money way faster than gas models, and the EQB is no exception. It’s quiet and smooth, but with so many competitors, resale prices are dropping faster than people expect them to.
