The loss of $7,500 federal tax credits should, in theory, have put every EV brand on an even footing, but Tesla and its customers decided to write their own script. While most electric car values have dropped since last fall, Tesla values are actually climbing.

According to a new study, used Tesla prices have risen 4.3 percent since the EV credit disappeared at the end of September 2025. Over the same period, nearly every other used EV dropped an average of 3.6 percent.

More: EV Sales Fell Off A Cliff, Yet New Car Prices Still Set Another Record

Because Teslas make up such a huge slice of the used EV pie, the average price of all used EVs actually went up 3.5 percent, painting a superficially rosy picture. Strip Tesla out of the equation and things look very different. Non-Tesla EVs slid from an average of $24,629 to $23,738. Meanwhile, used combustion cars dipped 2 percent.

Declining Share

The iSeeCars study also found that used EV market share fell 20 percent between September and January, dropping from 3.5 percent to 2.8 percent. A year earlier, that share had been climbing, but now it is heading the other way. The early adopters already have their EVs. Mainstream buyers are apparently thinking harder about price, charging, and range.

Average Prices For 1- To 5-Year-Old Used Cars

Look at individual models and the pattern gets clearer. Lower-cost EVs like the Hyundai Kona Electric, Volkswagen ID.4, Kia Niro EV and Nissan Leaf all lost between roughly five and six percent of their value. Meanwhile Tesla Model 3 and Model Y prices ticked up, as did those for the Porsche Taycan, the only non-Tesla EV to experience a jump in values.

New EV Prices Down

New EVs tell a similar story. Excluding Tesla, which iSeeCars doesn’t have data for, average new EV prices dropped 2.3 percent, while new internal combustion vehicles rose 2.5 percent. Some mainstream EVs like the Hyundai Ioniq 5 and Chevrolet Equinox EV saw even steeper cuts.

Carmakers are clearly trying to replace that vanished tax credit with old fashioned discounting, but falling EV sales figures since tax credits disappeared tells us it’s not a complete fix.

Average Used EV Prices

Average New EV Prices

It’s eight months since Xiaomi smashed Porsche’s production EV sedan record at the Nurburgring, but 2026 is the year the Germans fight back. Fresh spy shots from northern Sweden show a vicious-looking, track-ready Taycan ahead of a new record attempt later this year.

Visually, this prototype has matured since we last saw it bullying the Nürburgring in September. The aero components, heavily inspired by the mighty 911 GT3 RS, now look less like prototype science projects and more like showroom-ready hardware.

More: Taycan Goes Full Psycho Mode To Steal Porsche’s Lost Record From Xiaomi

The front splitter is a different shape and no longer held on with motorsport-style bars, and the fat arch spats designed to cover a much wider track now have cooling slots behind the front wheels. Less visible this time, though, due to this car’s disguise, are the saw-tooth vents cut into each fender top whose job is to vent air pressure built up in the wheelhousings.

Toned-Down Rear Wing

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At the back is the same gigantic diffuser we saw on the last prototype, but here it’s paired with a different trunk spoiler. The latest wing looks less race-car-like, its end planes moulded into the overall shape rather than being bolted on. It’s more like the Weissach-kitted Turbo GTs but with an added lip, though it still rides high above the tail to grab as much of the passing air as possible.

We can expect some advanced chassis trickery under the skin and more power than even the 1,019 hp (1,033 PS / 760 kW) the Taycan Turbo GT delivers. The Xiaomi SU7 Ultra’s 1,526 hp (1,547 PS / 1,138 kW) powertrain played a major role in helping the Chinese brand pull off a 7-minute 4.957-second lap of the Ring, beating the Taycan Turbo GT’s record by over 2.5 seconds.

Sub-Seven?

Separately, a stripped-down prototype version of the SU7 recorded 6:22.091, and though we doubt Porsche’s new Taycan will beat that in fully road-legal form, it should become the first production EV to go sub-seven. We’ll find out in a few months when the weather is good enough for Porsche to try for an official timed run.

We’ll also find out if the hottest Taycan will get an RS badge to match those RS aero goodies. If it does, it’ll be the first EV to be granted those letters, and it’ll have a price to match. The Taycan Turbo GT already costs $243,700 with or without the Weissach package, so an RS is surely going to be close to $300k.

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