The Porsche Taycan is a poster child for depreciating EVs, so how much did I lose owning a Taycan Turbo S? What would the same car have lost if I still owned it today? Let's dive into the numbers and understand why this is, plus what's going to happen next?
I bought the Porsche Taycan Turbo S back in November 2020, when they were the latest and greatest, there was a lot of excitement around fast luxury EVs, and bizarrely it replaced my V12 powered Ferrari GTC4Lusso. Over the 18 months that followed, I drove it 6,500 miles including some drag races, a road trip to Germany, and plenty of daily driving; all benefiting then from the CTEK Chargestorm EV charger we installed at The Shmuseum to negate the woes of public charging.
Having bought a very high spec car, coming in at just under £160,000 at the time, it was always expected to go down, but just by how much has come as a big surprise with the whole EV market tanking over fears for the future, and the impact of over-purchase of new, high-end models due to government grants and discounts.
It makes for some sobering figures and scary depreciation, so let's run through it all.
Thanks for watching, Tim
#Porsche #Taycan #Depreciation
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