Electric cars currently combine various technologies, high competitiveness, and low demand, causing their resale prices to plummet. According to Jalopnik, a Taycan can lose over $100,000 in value (equivalent to 2.3 billion VND) after about 4 years of use.
For example, a 2020 Porsche Taycan Turbo with less than 24,000 km is being resold for $89,998, while the original purchase price was $179,630. In other words, after 4 years, this car has lost $89,632, or nearly 50% of its initial value.
The “Price” field shows that the resale price is nearly 50% lower than the original price.
In another case, a high-end Porsche Taycan Turbo S, also from 2020, equipped with expensive “options,” was purchased for $206,950 (about 5.1 billion VND). However, the car was resold for only $105,900 after driving 34,600 km. As a result, the owner of this Taycan Turbo S accepted a loss of about 49% in value.
The peak example is another 2020 Taycan Turbo S with 38,800 km driven, which was resold for $112,890, while the original price was $222,770. The car’s owner lost approximately $109,880 (about 2.72 billion VND).
The owner of this Porsche Taycan accepted a loss of about 2.7 billion VND after driving 38,800 km.
As opposed to the Porsche 911, which is resold on the market at higher prices than the original retail price, the Taycan electric model depreciates significantly. According to Jalopnik, the price decrease of the Taycan will continue as Porsche recently introduced the facelift version with several valuable upgrades.
The 2025 Porsche Taycan has minor design changes in the front of the car, wheels, and interior compartment. The major changes are in power and charging time.
