If you want a car that retains its value and are considering buying a brand-new electric car, you may want to think again. At least that's what one car enthusiast says.
Teddy (@houseofauto) recently posted a video in which he points out that EVs are rapidly losing value.
Teddy begins with a 2022 Audi E-Tron GT Premium Plus with 43,000 miles that’s selling for $37,500. When the car debuted, its MSRP was $102,400. In just a few years, it's depreciated 64%.
Then Teddy points to a 2024 Mercedes-Benz EQE 350+ RWD going for $36,500 with only 14,000 miles on it. Cars.com reports that this model had a suggested MSRP of $78,000 when it first dropped, yet another massive value freefall in just a couple of years.
“It’s only two years old and as you can see it’s original MSRP was almost $90,000, and you can have it today for $36,000,” he says of the 350+ model. “It is a two year old EQE with 14,000 miles. This is borderline brand-new."
