Porsche EV Experiences $56K Drop in Value After Two Years, Offering a Bargain for Buyers | Carscoops

      It will be intriguing to observe whether the prices of pre-facelift models drop further as more 2025 Taycans appear on US roads.

      A 2023 Porsche Taycan recently changed hands for $54,000, despite an original MSRP of $109,310.

      Equipped with a 93.4 kWh battery and 469 hp, it delivers good performance for an entry-level vehicle.

      This electric sedan had only 27,000 miles on it and came with numerous premium features.

      It’s well-known that many electric vehicles depreciate rapidly, particularly luxury German brands like Mercedes-Benz, BMW, and Audi. Porsche and its Taycan are no exceptions to this trend. While this reality is tough for sellers, it can be a great opportunity for buyers eager to purchase a high-end electric Porsche at a lower price.

      The Taycan is closely related to the Audi e-tron GT, whose prices in the used market have significantly decreased over the past year. Although the Taycan hasn’t depreciated to the same level as the Audi, likely due to Porsche's greater desirability and exclusivity, a 2023 Taycan recently sold on Bring a Trailer for just $54,000, which is a considerable drop from its original MSRP of $109,310 before taxes and fees.

      The Essential Features of the Taycan Remain Impressive

      Despite being the entry-level variant, the Taycan is still a commendable electric vehicle. It features a single rear-wheel electric motor that produces 469 hp and 263 lb-ft (357 Nm) of torque, powered by a substantial 93.4 kWh lithium-ion battery pack. When it was sold, it had approximately 27,000 miles (43,400 km) on the odometer and had a clean CarFax report, indicating it was not a vehicle with significant issues.

      While the Turbo S and Turbo GT models often attract the most attention, the interior of the entry-level Taycan is very similar to those higher-end models, and this particular unit included several appealing options.

      Among the features are the 20-inch Sport Aero wheels, the upgraded 93.4 kWh battery (a $5,780 option), Porsche’s InnoDrive adaptive cruise control, and the $5,960 Premium package. The Premium package includes a surround-view camera, power-folding wing mirrors, a $1,200 Bose audio system, a fixed panoramic glass roof, ambient lighting, power-ventilated front seats, and Lane Change Assist.

      Loss for the Seller, Gain for the Buyer

      It’s hard not to feel sympathy for the seller who lost $56,000, or over half of the original cost, after just two years of ownership. Conversely, the new owner likely got an excellent deal. The pressing question now is whether this price decline will persist as the updated 2025 models start arriving on US roads.

      The takeaway? Savvy buyers can avoid the sticker shock of a new Taycan and opt for a used one at a significantly reduced price. Just be sure to acquire one with a remaining warranty, or ideally, an extended warranty, because a major issue could end up costing more than the car itself.