Here's How Much A 2021 Hyundai Ioniq Electric Has Depreciated In 5 Years

You whitethorn look astatine this article's header and possibly wonderment if we forgot a number aft Ioniq. That's understandable arsenic nan Ioniq 5, 6, and 9 dress up Hyundai's existent all-electric lineup (the Kona EV is connected clasp for 2026). Yet nan Ioniq sanction successful nan United States dates backmost to 2017, erstwhile nan automaker applied nan moniker to a humble, electrified five-door sedan: nan Ioniq Hybrid and nan Ioniq Electric. A plug-in hybrid type would travel connected committee for 2018. 2021 was nan past twelvemonth of this electrified trio, arsenic enumerated Ioniqs (the Ioniq 5, to start) would deed Hyundai showrooms.

These original Ioniqs are forgettable because truthful fewer sold. Across each 3 electrified variants, Hyundai moved little than 20,000 units successful 2021, compared to much than 150,000 Tucsons. It didn't thief that nan institution only offered nan Ioniq Electric successful 13 states and nan scope maxed retired astatine 170 miles. But capable of nan history lesson, let's move connected to nan taxable matter astatine hand: depreciation for nan 2021 Hyundai Ioniq Electric. And it's not a beautiful picture. In nan past 3 years, nan Ioniq Electric has mislaid 47% of its original value. Depreciation complete 5 years increases to 62.5%. It could beryllium worse; some EVs are depreciating by $600 per day.

Traditional valuation sources, CarEdge and iSeeCars, don't person broad information connected this vehicle. For a amended knowing of Ioniq Electric depreciation, we reviewed information from Kelley Blue Book (KBB). We besides looked astatine CarGurus' listings for nan 2021 Ioniq Electric to spot really depreciation estimates clasp up against real-world pricing. Lastly, we compared nan Ioniq Electric's depreciation pinch that of competitors specified arsenic nan Chevrolet Bolt and nan Nissan Leaf.

In 2021, Hyundai offered 2 trims for nan Ioniq Electric: nan guidelines SE pinch an MSRP of $34,250 and nan higher-end Limited astatine $39,820 (both prices see a destination charge). Using nan SE arsenic a guideline, KBB estimates nan Ioniq Electric's existent resale worth astatine $12,850. That's a depreciation complaint of 62.5% from its original MSRP. KBB besides reports that astir three-fourths of that nonaccomplishment of worth (47%) occurred successful nan past 3 years.

From an owner's perspective, that devaluation is worse than nan five-year complaint for nan 2021 Ford Mustang Mach-E (57%) aliases nan depreciation complaint for nan 2021 Volkswagen ID.4 (55%). However, that plunging worth is advantageous for shoppers. A reappraisal of unit listings connected CarGurus shows astir a twelve examples nationwide (searching only for clean-title, no-accident units).

Nonetheless, these asking prices are moreover little than what KBB's projections suggest. One offering showed a guidelines SE trim pinch an asking value beneath $11,000. In addition, location are trader listings for nan upscale Limited trim pinch asking prices astir $13,000. The greater situation is availability. Because nan Ioniq Electric's distribution is limited, inventory appears to beryllium concentrated mostly successful coastal states.

Even half a decade ago, location were much EV choices than nan Ioniq Electric. On nan affordable broadside of nan equation, options included nan Chevrolet Bolt and Nissan Leaf. The 2021 Bolt, pinch an estimated scope of 259 miles, easy outdistances this Hyundai EV connected a afloat charge. Yet, contempt nan amended range, this Chevy's five-year depreciation hits harder astatine 67% (versus 62.5% for nan Ioniq Electric), according to KBB. The guidelines LT, which stickered astatine $37,495 (including freight charges), has a existent resale worth of $12,350. A speedy look astatine CarGurus' listings shows a proviso of examples astatine that value point.

The 2021 Nissan Leaf is disposable successful 2 configurations. The guidelines version offered a 149-mile range, while nan Plus version accrued capacity to 226 miles. KBB only provides a depreciation complaint for nan lower-range Leaf, which translates into a five-year devaluation of 69.7%. The original MSRP of $32,620 (including nan destination fee) useful retired to a $9,900 resale value, which is spot connected pinch nan starting prices for nan aforesaid conveyance connected CarGurus. Expect a $2,000 to $3,000 premium for a 2021 Leaf pinch nan longer range.