Electric SUV Owner Faces 70% Depreciation in Just 4 Years: Highlighting Poor EV Resale
Written By: Utkarsh Deshmukh
Published: April 3, 2026
We all are aware of the fact that electric cars’ resale values are highly uncertain in India. However, the extent of this uncertainty becomes clear when we look at real-life examples. Recently, a 2021 Tata Nexon EV XZ+ owner shared his experience trying to sell his vehicle after four years, expressing his frustration over the low offer amounts.
Tata Nexon EV Owner’s Struggle
This post, originally shared on X by Trading with Logic, begins with the owner recalling purchasing his Tata Nexon EV XZ+ variant for Rs 15 lakh on December 27, 2021. He emphasized that the car offers a real-world driving range of approximately 220 km. Now, he wants to upgrade to a newer electric vehicle (EV) with improved range and technology.
Shock from the Resale Market
The owner expected to receive around Rs 6.1 lakh for his Nexon EV when trading it in at dealerships, but he was offered only Rs 4.5 lakh—a significant 70% loss in value. Online platforms like Cars24 are offering even lower amounts, around Rs 4 lakh.
He has also attempted to sell the Nexon EV through individual listings on Facebook Marketplace and Olx, asking for Rs 6.1 lakh, but he’s received offers ranging from Rs 5 to 5.5 lakh, indicating buyer hesitation. Some potential buyers even finalized deals but later backed out due to budget constraints.
Reasons for Frustration
The Nexon EV owner expressed his belief that EV resale values are weak and depreciate faster than conventional cars. He attributed this to the influx of newer EV models, which offer more affordability, better range, and improved features. This has made it challenging to sell older EVs in the market, as buyers perceive them as less appealing due to battery health concerns.