Tesla still commands a 40+ percent share of the US EV market, but demand is down 11 percent Jan-June, and it’s not only declining new car sales that are causing alarm. The brand also dominates a list of the used cars whose value is dropping hardest.

Related: Tesla Suddenly Wants You To Buy Now After Years Of Opposing EV Credits

The Elon Musk-headed automaker bagged four spaces in the top 10 list of biggest losers collated by the data crunchers at iSeeCars, and a fourth Tesla also found its way onto the chart.

Including one other brand’s value-shedding model, EVs accounted for five of the 10 cars judged to have shed the biggest percentage of their value in 10 months. And that’s despite electric vehicles only accounting for 3.3 percent of the 1- to 5-year-old used market.

Tesla Tops the List of Falling Used Car Values

The study found the Model S suffered the biggest percentage price drop – though not the biggest dollar drop. The sedan’s average price in June 2025 was $46,700, which is 15.8 percent or $8,800 lower than it was 12 months earlier.

The Model X SUV actually lost more money – $9,500 – but due to its higher initial price, that drop only represented a 15.5 percent fall, putting it in second place. Third spot went to the Model Y, which fell $4,600 or 13.6 percent, probably in part due to the arrival of a facelifted version of the SUV this spring.

TOP 10 USED CAR PRICE DROPS

The Model 3’s value slid 9.4 percent, putting it in sixth spot, behind the fourth-place Ford Explorer hybrid (down 10 percent) and Jeep Gladiator (fifth place, down 9.6 percent). And Porsche’s Taycan lost 7 percent of its value, earning it eighth place, meaning all five of the EVs on the list lost far more than the average EV, whose value fell by 4.8 percent.

Sandwiched between the Model 3 and the Taycan is the Maserati Levante (seventh place, down 7.9 percent), and the top 10 is rounded out by the Chrysler Voyager (ninth, down 6.6 percent) and Lincoln Aviator (tenth, down 5.9 percent).

Used EV Values Lag Behind the Market

All five EVs on the list fell significantly more than the average for used electric vehicles, which dropped just 4.8 percent. By contrast, used internal combustion engine (ICE) vehicles actually gained in value slightly, up 5.2 percent on average over the same 12-month period.

The study appears to show that American consumers are less interested in EVs as used cars, and that sentiment is likely to carry over into future years as this September’s scrapping of EV tax credits begins to take effect and the ripples are felt in the used market.

The Porsche Taycan lineup spans three models and a dizzying 22 variants. Another one could be on the horizon as spy photographers have snapped a hardcore prototype undergoing testing on the Nürburgring.

Reportedly being piloted by racing driver Lars Kern, the prototype appears to be based on the Taycan Turbo GT. However, we can see modified air intakes and covered air curtains. They’re joined by canards and extended wheel arches, which hint at a widebody kit.

More: Porsche Taycan Turbo GT Is A Tesla Slaying Track Monster

A closer inspection reveals top-mounted front fender vents as well as a number of elements that draw inspiration from the Manthey Kit offered on the 911 GT3 RS. This includes rear aerodiscs and a ‘floating’ aerodynamic element behind the front wheels. They’re joined by a massive diffuser and what appears to be a lightly revised wing.

All of this suggests Porsche is working on a hardcore model that combines elements from the Weissach package with a new Manthey Kit. This means we could be looking at the most extreme and track-focused Taycan ever developed.

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We can also add pricey to that list as the current Taycan Turbo GT with the Weissach package starts at $239,400. It features a 97 kWh battery pack that feeds an upgraded dual-motor all-wheel drive system producing 777 hp (580 kW / 788 PS). However, Overboost and Launch Control enable the model to produce up to 1,019 hp (760 kW / 1,033 PS) and 914 lb-ft (1,238 Nm) of torque.

This enables the car to rocket from 0-60 mph (0-96 km/h) in a stunning 2.1 seconds before hitting a top speed of 190 mph (306 km/h). The model can also run the quarter mile in 9.4 seconds.

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In a year that’s been tough on electric sedan sales, one model in particular has struggled to keep pace. The Taycan was Porsche’s slowest-selling model in the first half of 2025, trailing even the aging 718 sports car that’s about to be replaced. To boost its appeal, Porsche is rolling out a new Black Edition for the US market, offering sharper styling details and a more generous set of standard features, including the largest battery pack available in the lineup.

More: Porsche’s New Electric SUV Is Smashing Records Before It Even Reaches Showrooms

The EV sits on 21-inch alloy wheels, complete with full-color Porsche crest center caps, and sports matrix LED headlights and a seamless rear light bar featuring an illuminated black Porsche logo. Front door decals are included with the optional extended Black Edition package, adding a bit more visual flair.

While the name suggests otherwise, the Black Edition isn’t limited to a single shade. Standard paint options include Volcano Grey Metallic, Dolomite Silver Metallic, Ice Grey Metallic, and the Jet Black Metallic shown in press materials. Buyers looking for something different can select from the Legends, Dreams, or Contrast color collections, or go entirely bespoke via the Paint to Sample program.

Interior and Equipment Upgrades

Inside, the Black Edition carries over the monochrome theme with subtle black detailing and embossed leather trim. Illuminated black brushed aluminum scuff plates and a unique Black Edition badge on the center console add to the tailored look.

The trim also bundles in a well-rounded list of standard features, including multiple driver-assistance systems, the Storage Package, 14-way power comfort seats, a Bose Surround Sound System, and Porsche’s Electric Sport Sound.

For those seeking more personalization, the Sonderwunsch program from Porsche Exclusive Manufaktur offers expanded customization options specific to the Black Edition.

More: Porsche EV’s $56K Depreciation After 2 Years Gives Buyer A Steal

Underneath, all three Black Edition models come fitted with the Performance Battery Plus as standard. Usually an optional upgrade, this 105 kWh battery improves range and allows for stronger performance figures. That said, the electric powertrain remains unchanged, offering up to 429 hp (320 kW) in the base Taycan and topping out at 590 hp (440 kW) in the Taycan 4S.

Deliveries of the 2026 Taycan Black Edition are set to begin in fall 2025. Pricing details will be released closer to launch.

Porsche

Porsche’s Taycan Turbo GT is on a mission to claim back some bragging rights in the electric car arena. After Xiaomi’s recent announcements about snatching the record at the Nurburgring and Shanghai, Porsche has wasted no time making sure its own electric sedan gets the spotlight.

Also: There’s A Porsche Program Even Rarer Than Paint To Sample

Last month, the all-electric sedan was taken to Road Atlanta and, with Patrick Long behind the wheel, set a storming best lap of 1:27.15. That easily toppled the Taycan Turbo S that had once held the EV record, and proves just how focused the Turbo GT is.

For the record run, Porsche used a Taycan Turbo GT with the optional Weissach Package, which removes the rear seats, transforming the four-door sedan into a four-door two-seater. The car was also fitted with ultra-sticky Pirelli P Zero Trofeo RS NF0 performance tires developed specifically for it.

In recording a best lap of 1:27.15, the Turbo GT smashed the Turbo S’s previous record of 1:33.88 by a massive 6.73 seconds – an age around a circuit. Porsche says the lap was recorded with the tire pressures set at 37 psi, the battery charged at 97%, and most of the track dry, although there were a few damp patches.

The Taycan Turbo GT is still some way off the production car lap record of 1:22.80 set by the new 2025 Chevy Corvette ZR1 earlier this year, but no one in their right mind would expect an electric sedan to get close to that. The Taycan’s time is a little closer to the Porsche 911 GT2 RS’s 2019 1:24.88 run, which, at the time, was a record. Porsche’s EV also came close to upsetting the 991 GT3 RS which has posted a 1:26.24 lap at the same track.

Speaking after the record run, Long said, “I expected the steering feel, connection, and feedback, but I didn’t expect how powerful the Active Ride suspension would be in counteracting pitch, roll, and squat.”

Read: Porsche Orders UK Dealers To Stop Selling Some Taycans

Earlier this year, the Taycan Turbo GT set a new EV lap record at Interlagos and, in 2024, did the same at the WeatherTech Raceway Laguna Seca track and the Shanghai International Circuit. It also previously held a record at the Nurburgring Nordschleife.

However, in recent months, Xiaomi’s SU7 Ultra has snatched away the Taycan’s records in Shanghai and at the ‘Ring. It seems like Porsche is not happy with the Chinese stealing the limelight and is on a mission to show just how quick the Taycan can be.