Are EVs reliable and do they keep their value?

Reliability is a critical consideration for buyers when choosing a vehicle. As electric cars often present a simpler engineering design with fewer moving and lubricated parts, they tend to offer advantages in long-term dependability.

According to industry insights gleaned from multiple authoritative sources, including CarEdge, Edmunds, and J.D. Power, EVs may require minimal maintenance, with the primary concern being the potential need for battery pack replacement after approximately 15 years of use. Current expectations indicate that such replacements will be economically viable compared to today’s costs.

However, one area where electric vehicles can encounter challenges is value retention. Reports indicate that many electric models experience significant depreciation shortly after purchase, with a substantial portion of their value lost within the first year of ownership. This trend is changing as technology improves and becomes more widespread, presenting opportunities for consumers considering long-term ownership.

Car models have been evaluated and ranked based on their quality and reliability scores from J.D. Power in the United States – trends can generally be applied across to other markets too. We pull out some highlights from the rankings, showcasing a blend of performance specifications and financial forecasts for selected models.

The 2025 Audi Q4 e-tron, for example, has a predicted reliability rating of 67 out of 100, with a notable depreciation rate of 51% after five years. Priced starting at $49,800 for the base model, excluding the addition of any tariffs, it is equipped with an 82 kWh battery that offers a respectable range of 288 miles. The vehicle scoring a 71 out of 100 in J.D. Power ratings reflects a solid performance experience but sees a significant drop in value to around $29,301 after five years.

Moving on to the Ford Mustang Mach-E, which presents a slightly improved reliability rating at 69. The Mustang Mach-E is expected to lose around 57% of its value over five years, valued at approximately $21,267 afterward. This model showcases various powertrain options, with horsepower ranging from 266 to 480, highlighting its versatility depending on the chosen configuration.

The Nissan Ariya also ranks highly in reliability with a rating of 74, however, it is estimated to depreciate by as much as 67% within five years, leaving the base model valued at around $18,830. This model features multiple configurations, emphasizing performance and range but faces challenges in retaining its value.

Meanwhile, the Genesis GV60, despite a similar reliability rating also at 74, has a predicted depreciation of about 52%, resulting in a value of approximately $31,620 after five years. The GV60 offers impressive performance credentials with multiple power configurations available.

On the luxury end of the spectrum, the Porsche Taycan commands attention with its reliability score of 75. However, it also suffers a significant depreciation of 74.7% over five years, reflecting a stark reduction in its market value. The Taycan offers performance features that cater to high-end buyers, including various power outputs that place it amongst the most powerful electric vehicles available.

As for the Tesla Model 3, its reliability rating stands at an even 74 with a resale expectation of 59% depreciation, landing its value at approximately $21,542 after five years. This model is lauded for its robust performance metrics and prolonged driving range, contributing positively to its overall reputation.

The current landscape of electric vehicles reflects a complex interplay between reliability, performance, and value retention. Potential buyers need to weigh these factors carefully before making a decision.

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4 May, 2025