Lucid’s Used-Car Program Shows How Fast Luxury EVs Lose Value

Lucid’s certified used program puts depreciation in plain sight. Premium EVs with cutting-edge tech are losing value far faster than buyers expected raising tough questions about resale, incentives, and long-term ownership.

Lucid Air

man, i swear this car feels like the future and a punch to your wallet at the same time. i saw one on a used lot, like 70 grand? maybe less. can’t remember exactly but it was definitely way less than new. gorgeous thing though, all sleek and silent like it’s floating, but, hmm, it also felt… cold? sterile? like someone who’s too perfect to hang out with. i’d probably spill coffee on the suede seats and cry.

Tesla Model S

ugh okay, everyone’s got an opinion on this one. i still remember test driving one—was it 2017?—and feeling like i was in an iphone with wheels. now you can get those old ones for around 30k, which is wild. they age weird, you know? screens peeling, the steering wheels shiny from hand oil (gross). but still… that launch, man. it hits. every time.

Mercedes EQS

so this thing’s like a spaceship wrapped in a pillow. i liked it but also didn’t. there’s something about how quiet it is that makes me nervous, like it’s judging my thoughts. prices dropped faster than my interest in NFTs—like one moment it’s 100k+, now i see used ones in the 60-70k zone. smelled like expensive perfume though, the kind you pretend you like.

Porsche Taycan

this one hurts. i love it. like genuinely. but my brain says no while my heart revs at 8,000 rpm. saw a used Taycan Cross Turismo for, what, 75-ish? pretty but impractical… the back seats are good for, like, small regrets and shopping bags. still, it handles like sin.

BMW i7

feels like BMW tried too hard to make it feel futuristic but ended up making it feel like an app. honestly, i got dizzy from all the screens. i don’t need the car talking to me in twelve colors. used ones are dipping below 90k now which is kinda nuts considering they’re almost new. but idk, it’s heavy in a “dad bought this” way.

Audi e-tron GT

yeah okay, it looks killer. sounds fake though. like the noise it makes when you accelerate? almost like a video game. not saying i hate it, it’s just… artificial. but for around 60 grand now, that’s tempting. the seats hug you in this oddly romantic way, like, “shhh, don’t think about the repair costs.”

Jaguar I-Pace

this one feels forgotten. like everyone hyped it up, then just… moved on. it’s the kinda car you find sitting alone at the dealer, quietly humming to itself, “remember 2019?” ha. you can basically grab one now for under 30 grand and it’s crazy because it still looks premium, but also the infotainment lags like it’s buffering your life.

Rivian R1T

okay but this one’s fun. feels like someone built a truck after watching too many YouTube videos on electric torque. interior smells like nature and sunscreen. they’re dropping into the 60k range used now which is brutal for a car that was supposed to be the “next big thing.” still kinda want one though, not gonna lie.

Lucid Air (again, yeah)

i just keep coming back to it. it’s like that ex who was too good for you, but you still stalk their Instagram. the used-car prices are falling so fast it’s… depressing? like, “hey, remember when this was six figures?” well, now it’s fifty. and dealers are pretending it’s good news.

Cadillac Lyriq

feels fancy, looks cool, but the badge… idk, Cadillac still screams “rich uncle” vibes to me. saw one used for about 45k and thought, that’s actually not bad. but also, i’d probably scratch it in my garage in week one and cry.