Top 9 Electric Cars With High Resale Values

by Apr 24, 2023Car buying, Electric cars0 comments

As we all know, an automobile loses value as soon as it is driven away, and it continues to lose value as it is driven. Whether it’s an electric or gasoline-powered vehicle, depreciation works according to the same principle.


Electric cars typically underperform in terms of resale values compared to their gasoline counterparts. While the electric car market is growing at an unprecedented rate, more and more people are opting for eco-friendly and sustainable options. As a result, electric cars are becoming increasingly popular, and their resale value is also on the rise. 


There are many different types of electric cars available on the market nowadays, but before making a purchase, it’s crucial to consider the vehicle’s future resale value. In this article, we’ll take a look at eight electric cars that have high resale values.

Electric Car Resale Values

Resale value is the price you can sell your car for after owning it for a certain period of time. A car’s resale value is affected by a number of factors, including its condition, age, mileage, and popularity. Cars that have a higher resale value are typically more popular, have a better reputation for reliability, and are in higher demand in the used car market.


Due to two main reasons, electric cars depreciate more than regular cars. Firstly, the technology for electric cars is developing so quickly that obsolescence is a major factor in their depreciation. On the other hand, there are tax incentives for buying new electric cars.

Other than that, electric vehicles and their gasoline-powered counterparts have a lot in common in terms of resale value. Reliable cars with more upscale features will be worth more than electric cars with fewer frills, lower demand, and lower reliability. For example, a Tesla maintains its value well, with a strong battery and upscale tech features built in.


Factors Affecting Electric Car Resale Values

While not all electric vehicles are created equal, this is particularly true in terms of how long they will retain their value. These are the major factors in maintaining an electric car’s resale value:

  • Battery condition
  • Warranty coverage
  • Charging capability
  • Technological feaatures
  • Brand reputation
  • Popularity


The resale value of an electric car will depend on a number of variables, including the EV’s age, brand, mileage, and physical condition. Customers are drawn to well-known automakers with solid reputations.

Battery condition, on the other hand, has a significant impact on estimating EV resale values. The cost of the battery and the trouble of replacing it after purchase are two of the main issues that used electric car buyers have. The trouble of replacing battery packs at a significant cost to the buyer is thought to be a drawback of used EVs.

Electric Car Resale Values


Now, let’s take a closer look at eight electric cars with high resale values.


Tesla Model 3

Tesla is a global leader in the manufacture of electric vehicles, durable batteries, and environmentally beneficial goods, which accounts for the fact that Tesla cars depreciate much less than the industry average. Because of the success of the brand, Teslas are in high demand and are desirable.

The Tesla Model 3 is one of the most popular electric cars on the market today. It’s known for its impressive range, sleek design, and advanced technology. The Model 3 has a high trade-in value due to its popularity and strong demand in the used car market.


Tesla Model S

The Tesla Model S is another popular Tesla lineups on the market. It has a sleek and modern design, exceptional performance, and cutting-edge technology with a sizable touchscreen and automatic driver assistance. The Model S also makes use of its strong connection, enabling Tesla to do real-time updates through Wi-Fi to important system parts, meaning that even with a used Tesla, you may still get updates. Other than that, the car’s all-electric range is another appealing feature that raises its resale value. It has a range of up to 582 kilometers on a single charge, making it one of the longest-range electric cars available. It’s no surprise that the Model S has a high resale value, with many used models still selling for well over $55,000.


Tesla Model X

Tesla’s electric vehicles with the best resale value also include the Model X. Over a five-year ownership period, the Tesla Model S and Model X are expected to hold their value better than competitors in the same class according to Kelley Blue Book’s most recent report. In fact, there’s reason to believe the Model X may retain its value even better than the Model S. This is because the Model X taps into the increasing demand for SUVs. The Model X also is SUV that can cruise for an EPA-certified 471 kilometers before needing to charge up the Model X.


Chevrolet Bolt

The Chevrolet Bolt is another popular electric car that has a high resale value. Its impressive range and practicality make it a top choice for those looking for an electric car that can handle daily commutes and long road trips.

The Chevrolet Bolt EV is a compact electric car with a range of up to 416 kilometers on a single charge. It has a spacious and comfortable interior, with plenty of cargo space for a car of its size. The Bolt EV is also known for its reliability and performance, making it a popular choice among used electric car buyers. The Bolt EV has a high resale value, with used models often selling for around $28,000-$32,000.


Nissan Leaf

The Nissan Leaf is one of the pioneers of electric cars and remains a popular choice today. It is one of the most affordable electric cars on the market, making it a popular choice for budget-conscious buyers. Its affordability, reliability, and practicality make it a top pick for those looking for an electric car with a high trade-in value.

The Leaf has a range of up to 241 kilometers on a single charge and is known for its reliability and low maintenance costs. The Leaf has a high resale value, with used models often selling for around $18,000-$22,000.


BMW i3

The BMW i3 is a stylish and modern electric car with a range of up to 248 kilometers on a single charge. The electric car enhances BMW’s reputation for cutting-edge engineering in addition to driving performance. It’s a luxury electric car with a unique design, strong performance, and advanced technology that make it a top pick for those looking for a high-end electric car with a high trade-in value. The i3 has a high resale value, with used models often selling for around $25,000-$30,000.


Kia Niro EV

The Kia Niro EV is a practical and efficient electric car with a high trade-in value. It has an electric range of more than 400 kilometers and is comfortable, gorgeous to look at, and enjoyable to drive. Its impressive range, spacious interior, and affordable price make it a popular choice for families and commuters alike. Additionally, Kia offers the features and range that buyers seek in a used electric vehicle. The Niro EV has a range of luxurious features, like LED lighting and Harman Kardon audio.


Audi e-Tron

The Audi e-Tron is a luxury electric SUV with a range of up to 358 kilometers on a single charge. Audi refers to all of its electric vehicles under the “e-tron” brand, further blending the company’s all-electric product line. The e-Tron has a spacious and comfortable interior, and it has one of the lowest depreciation rates in the EV market.


BMW i3

We put a major focus on range when determining the electric vehicles with the best resale value, so the BMW i3 is down toward the bottom of our rankings despite its many upscale touches. The i3’s range tops out at 246 kilometers, which is more than enough for typical daily driving. The car also lives up to BMW’s reputation for both leading-edge technology and rear-wheel-drive performance. Highlights include mobile Wi-Fi, LED exterior lighting, the company’s Active Driving Assistant, and a 0-60 time as low as 6.8 seconds.


In conclusion, if you’re looking for an electric car with a high trade-in value, our top picks are the Tesla lineups. These Teslas not only have a high trade-in value, but they also offer impressive performance, advanced technology, and practicality. Investing in an electric car with a high trade-in value is a smart choice for those who want to save money in the long run and reduce their carbon footprint.

As always, Carnex can provide you with detailed information about buying and owning electric vehicles in Canada.

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