How do Tesla's depreciate in e.g. the US? For several reasons, I would like to go full electric. Given my usage, I would prefer a large range. Not necessary 90% of the time, but since I regularly keep my cars for a decade, a larger battery means it is easier to use just a portion of the battery capacity and this means you can extend the life of the battery 5-10 fold (= it will easily outlast even my (very often long) ownership). So Tesla is high on my wishlist. But depreciation in my country is much like Apple products. Assuming a usable timeframe of about 8 years for an Apple laptop, when 4 years old, they still cost about half of the original price. They depreciate linearly. Same goes for Tesla's in about 10 years. So despite the battery being 4-5 years old (in Apple or Tesla), the hardware being a lot slower than new models, etc. Your still pay half of the value of a new one. I just don't understand this. New Tesla Model X is ~100k €. The only one under 50k I can find (48k) had minor parking damage, 200k km on the clock, a tear in the seat, etc. And it was 5 years old. So that owner had a brand spanking new car and it depreciated 50k in 5 years while still under dealer warranty. I'd have to drive it for at least another 300k km without any serious issues to even come close to a similar deprecition rate. [rant] This does have something to do (probably) with the government subsidising these cars: a CEO with a Tesla pays less ('company car'-) tax over it than a low level employee with a 25k company car, and once this subsidising stops, about 1/3rd of Tesla's is shipped to e.g. Norway who don't have this 5 year limit. So my government tax is subsidising people who make >>100k a year and when the time comes when I want a slice of said subsidised products, they are shipped of to another country[/rant]
Get a cheaper compact car with good mpg and reliability ratings, DIY the maintenance as much as practical. If that's not in the cards: public transit.
Many states charge about as much EV tax as you would pay for gas in a cheap econobox like a Mirage. as long as this continues I will likely keep my registration free “collector” hybrid That said Chevy Bolts start at $10k as do I3 REX, still gotta pay those same EV fines even though they have less utility compared to a Tesla
Used CPO Hydrogen Mirai is a great deal if you live in California. Not sure what deals you have in Holland.
I have my Prius... which I just changed the front-wheel-bearing on YET AGAIN... So I do my own maintenance Reason for wanting to switch is (1) my second larger car is being taxed to death (10k in roadtax between now and 2025) (2) electric cars have no roadtax (until 2025, after that it's anyone's guess what the government will decide) (3) I have a surplus on 1500kWh a year due to solarpanels (= 150 euro I get back from my electricity company, but could be put to better use for almost free electric range (5k to 10k km depending on car). I have looked at a 120Ah i3 (why does BMW quote its Ah capacity? Totally friggin'useless...). They depreciate a lot faster: 45k car is 30k after 18 months and just 16k km. But it has 4 seats for a family of 5 (even though one is off to university), I can hardly drive to university on a cold day without recharging halfway, and it should replace my big car but is way smaller than my Prius.
Usually, subsidies speed up depreciation, as a new one's effective price is lower than the MSRP. Then some things just hold their value for various reasons. 5 years ago, what new BEV had the range of a Tesla? The Bolt might have been coming out around then, but Europe got very few(might be using the old EU Volt's name). Likely nothing the size of the Model S or X.
We have a black Tesla Model 3 SR+ with 11k miles. Trade in value on KBB (not higher private party) as of check a couple days ago is $36,678, less than $1k we paid pre-incentives. Was surprised it is still worth about the same as new.
Most if not almost all posters here would live in America or Canada and the advice you get is based on our culture and experience. I am no exception. In America we have a variety of BEV's and PHEV's. An individuals own situation determines the best fit. For many here a Prius Prime or one of the many other Plug In Hybrids offer an outstanding compromise. If a fellow wanted an all electric vehicle he could choose between a Tesla (excellent choice), Niro BEV ( car of the year) a Leaf (excellent compromise between cost and performance) as well as many others. While in the service I had the pleasure to spend time in Europe and to visit much of it. I was stationed at Mildenhall RAF AFB and lived in Newmarket in Suffolk England. In my opinion what you are running into is one of the downfalls of Europe's Socialist bent. Not many choices and a situation where the government determine winners and losers which limit your choices for a true economic decision based on value. The government will determine which vehicles make sense not the true value and practicality of the vehicle. Your situation and choices are going to be dramatically different than ours in the US. I really enjoyed my time in Europe and its wonderful cultural heritage but even in the late 1970's could begin to see the many problems Socialism was beginning to cause. I smiled when I saw your frustration with changing the Prius wheel bearing. I owned a 2008 Prius that I traded in on a new PHEV in 2019. I changed the front wheel bearing out a couple of time and am very familiar with the frustrations of this job. Our Prius had over 150,000 miles on it when we traded it in and it still would average over 50 miles per gallon of gas. In our case I have a number of female drivers in the family and at 12 years old and over 150,000 miles on it I had to look at getting something more modern and reliable. It was showing its age and seemed to be always having something that needed attention. It is wonderful to hear from people in different parts of the world. You post bought back many pleasant memories and I hope you get the help/advice you need and continue to post here.
Little off topic - but here in the USA we are denied many great cars that are not allowed to roam the roads from Europe and Japan. So it’s no different than here. California is the worst.
THIS is not a given. It depends on a lot of things, the first being the specific chemistry used to make the batteries. That does not mean the type, necessarily, but the actual formula used to create the battery in question. Then there is the environment where it is used. Heat KILLS batteries; all of them. And lastly, some of the capacity loss is just due to age, regardless of the use or non-use. In general, the higher the "new" cost, the higher the initial depreciation. But the market for used ones has a big bearing too.
risk/reward when you look at the used prices, it's not worth the miniscule savings and potential problems.
In the US, the average ev five year depreciation is well over 50% with the Nissan Leaf dropping a whopping 89% in five years - obviously making everyone look bad. By those metrics Teslas look ok, especially the lower cost, low supply Model 3s who are currently losing only 10% in three years. But all used cars are dramatically up because of the slowdown in new car manufacturing, sales and trade-ins this year. Most of the Model 3 advantage is low supply as evidenced by the large Chevy Bolt September numbers. The Model S also loses about 50% in five years. I think Tesla S depreciation is caused by high initial costs ($100k), concerns about battery lifetimes (real or not), poor quality fit and finish (real), poor service (real), poor parts access (real) and unfulfilled expectations like autopilot. Most of which are better on the Model 3.
That would apply only with cheap U.S. gasoline, not with the much higher European fuel prices that OP must pay.
Yes, they are available. I loath the idea of leasing the battery (drops my perceived savings by half), but they are selling the batteries as of last year as well. Battery placements is aweful though: you can only get your toes between front seat and floor when sitting in the back. And since we (the Dutch) are the tallest people on earth, I dropped it from my wish list for that reason alone. Indeed. Practical calculation: Diesel Volvo V70 15k miles a year = 2400€ roadtax + 2200€ fuel = 4600€ => 5500$ is 36ct/mile Model S 15k miles a year = 0€ roadtax + 1200€ fuel* = 1200€ => 1430$ is 10ct/mile Assuming I buy an old S with free SuperCharging and use my own surplus in electricity, this could drop to about 1ct/mile. But this 10ct/mile would be true for any electric car (or better). Seeing it like this, I'm wondering what I am waiting for Maybe the horrorstories of the poor Tesla service when things break down? * Model S assuming 20kWh/100km. Source here. I also calculated with 25ct (€) per kWh for ease of calculation but it is a little less (22ct or so).
Model S price (only available with 100kwh now) has dropped down to $79K. So yeah, hard to sell ANY $100,000 car for $90K when you can buy new for $20K less. As for battery concerns? From the warranty Tesla web page; Most of the traction packs will easily pass 200k miles & still have around 80% capacity remaining. So it'd be interested to know who is saying otherwise. .
