Spain and Portugal recently experienced a massive power outage that left tens of millions of residents without electricity for most of the day. Lights out, appliances useless, Wi-Fi routers dead, the works. But for a small number of people, it was business as usual. Ironically, the reason they were able to carry on came down to a decision many might not expect: they bought an electric car.

Multiple EV owners in Spain posted to social media to show how they were leveraging their cars’ batteries to provide power to their houses. Some EVs such as the Hyundai Ioniq 5, have what’s called V2H or vehicle-to-home functionality, which means they can feed their charge into a home’s electrical system.

Related: GM Energy’s Residential Charger Turns Your EV Into A Generator For Your Home

EVs with V2H can essentially function as giant versions of one of those portable power packs many of us rely on to keep our smartphones juiced on days out. Or the battery packs some homeowners with solar panels on their roofs already use to store excess energy harnessed during the day.

Not all electric cars support V2H, even though the technology has been around for years. But according to the UK think tank Energy and Climate Intelligence Unit (ECIU), an average EV with a 71 kWh battery and V2H capability could power a home for nearly six days using just 60 percent of its charge.

“As well as reducing emissions and saving their owners hundreds of pounds in running costs, EVs are also capable of adding resilience to their owners’ homes,” ECIU head of transport Colin Walker said. “More and more EVs are arriving on the market that are capable of returning power to the home. In an unprecedented blackout like the one we just saw in Spain, these EVs will allow people to keep their lights on, their fridges cold and their wireless routers running for days.”

Power Cuts Are More Than Inconvenient

Power outages can be frustrating, particularly if you, like me, work from home. They can also get expensive fast if you end up throwing out a freezer full of spoiled food. But more importantly, they can be dangerous. During a power cut that lasted more than a day, my 92-year-old father-in-law suffered third-degree burns when his dressing gown brushed against a candle he had lit in the kitchen.

Four months and multiple skin grafts later, he’s still recovering and it’s sobering to think he might have been spared lengthy hospital stays and permanent scarring if he owned an EV. Provided, that is, he remembered to charge it before the power went out…

It is no secret that car values have been riding a rollercoaster lately, but some models have taken a particularly rough plunge. In the past year alone, a surprising number of popular vehicles have shed thousands of dollars in value, offering a clear look at changing market dynamics.

Read: This Car Loses 73% Of Its Value After Just Five Years

Four Tesla models are among the top 20 used cars in the United States that depreciated the most over the past 12 months. However, Tesla is hardly alone in this honor, as several other mainstream and premium brands, including Ford, BMW, Mercedes, Hyundai, Lincoln, and Genesis, have also seen significant price drops.

The team from iSeeCars recently analyzed the prices of 1.4 million used vehicles over the past year to determine which ones have been hit the hardest. At the top of the list sits the Tesla Model S, which depreciated by an average of 17.2 percent year-over-year, representing a fall of $9,944. As of March 2025, the average listing price for a Model S was $47,931. This, perhaps, is not much of a shock considering the electric sedan has been around for 13 years and Tesla has faced its share of public relations headaches in the last few months, adding to its woes.

A Closer Look at the Biggest Losers

Trailing just behind the Model S is the Porsche Taycan, which dropped by an average of $13,422 over the past year, or about 15.1 percent. Meanwhile, the Ford Explorer Hybrid saw its average price fall by 14.1 percent to $31,228, and the BMW 5-Series Hybrid was not far behind, dropping 13.9 percent to $34,375.

The second Tesla to appear on the list is the Model Y. The study from iSeeCars shows that prices of it have fallen by an average of 13.1% to $30,611. This places it two positions ahead of the Model 3 in eighth, with prices dropping by 10.9% to $26,084. In 17th position was the Model X, with reported average price falls of 7.3% to $55,990.

Used Cars With The Largest Price Drops

Other notable entries on the list include the Maserati Levante, down 11.5 percent, the Jeep Gladiator (-10.7 percent), the Kia Niro EV (-9.6 percent), the Volvo S90 (-9.2 percent) and the Chevrolet Corvette Convertible, whose price declined by 7.3 percent.

Worst Performing Brands

Tesla was named the brand with the steepest year-over-year declines in used car pricing. Across its lineup, its models lost an average of 10.1 percent in value over the past year, which translates to $3,541 on average. Chrysler followed closely behind, with an 8.9 percent drop, while Maserati, Genesis, Dodge, Buick, and Chevrolet also posted noticeable losses.

“In both the new and used car markets, Tesla prices have been dropping for over two years,” iSeeCars executive analyst Karl Brauer said. “Price cuts on new Teslas immediately impacted used Teslas, driving their prices down at a rapid rate. The new car price cuts were driven by Tesla’s desire to maintain sales growth, but that strategy stopped working last year when the automaker saw its first decline in annual sales.”

Brands With The Largest Used Car Price Drops

Americans bought more electric vehicles in the first quarter of 2025, but it’s not just enthusiasm for clean energy that’s pushing the numbers. Sales of EVs were up 11.4% year-over-year, with some of that bump likely driven by fears of disappearing federal tax credits and looming tariffs. Gas-powered cars even saw some love, as buyers rushed to lock in purchases before incentives or prices changed. Crisis buying: it’s not just for toilet paper anymore.

More: Americans Are Buying Cars Like It’s Black Friday Before Tariffs Hit

For context, the entire new vehicle market (regardless of powertrain) grew 4.3% in Q1 2024, totaling roughly 3.9 million units, according to Auto News. That puts EVs at 7.6% of the market, a noticeable increase from last year, and a sign that electric adoption, while still uneven, continues to inch forward, at least for now.

Brands: Tesla Still Leads, But It’s Not All Good News

You probably guessed it that Tesla still wears the EV crown. The company moved 128,100 vehicles in Q1, capturing a commanding 43.5% share of the EV market. That’s still dominant, but it’s down 8.6 percentage points from last year. Some of that slip can be chalked up to delays in rolling out the updated Model Y. The rest? Probably a mix of market competition and the ongoing Elon Effect, a combo of social media theatrics and questionable business decisions that make both investors and buyers twitch.

Ford continues to hold a firm grip on second place, selling 22,550 electric vehicles in Q1, an 11.5% increase over last year, giving it a 7.7% share of America’s EV market. But the real drama happened just below that. Rivian, which held the No. 3 spot last year, tumbled all the way down to ninth place after a steep 37.1% drop, totaling just 8,553 sales. Hyundai, previously in fourth, slid to No. 6 despite a modest 5.1% gain to 12,843 units. Its Kia sibling dropped from fifth to eighth, as sales fell 24.1% to 8,665.

Taking their places, Chevrolet surged into the No. 3 spot with 19,186 units sold, recording a 114.2% increase, while BMW climbed to No. 4 with 13,858 deliveries, up 26.4% from a year ago. There were other notable shifts as well: Porsche more than tripled its EV sales in Q1, thanks to the Macan Electric. On the flip side, Mercedes took the hardest hit, with sales plunging 58.3%, despite aggressive lease deals and major incentives, as many of our readers have pointed out. For all the numbers and surprises, check out the full brand breakdown below.

BEST SELLING EV BRANDS

Models: The Y Slips But The 3 Soars

Looking at individual models, the Tesla Model Y still tops the US EV sales chart, but its grip on the lead has loosened. It delivered 64,051 units in Q1, marking a steep 33.8% decline from last year. The delayed launch of the standard facelifted “Juniper” version didn’t help matters, as only the pricier Launch Edition was available early in the quarter. We’ll see how the new Juniper performs once the entire range goes on sale.

On the flip side, the Model 3 is having its moment. It saw a huge 70.3% increase in sales, hitting 52,520 units in Q1. For perspective, that’s nearly as many as the next three brands (Ford, Chevrolet, and BMW) sold combined, at 55,274. Tesla’s aggressive sales strategy likely played a role, with improved lease offers and zero-percent financing, though that conveniently wrapped up in April.

More: Tesla Model 3 Performance Vs. BMW 330i xDrive, Which One Deserves Your $47K?

The Ford Mustang Mach-E maintained third place among EV models with 11,607 units sold, a significant 21% increase, helped along by solid discounts and lease incentives. Rounding out the top five were the Chevy Equinox EV (10,329 units), the Honda Prologue (9,561), and the Hyundai Ioniq 5, which saw 8,611 deliveries, a 26.2% jump.

Trucks: F-150 Still Rules But Cybertruck Catching Up

As for electric trucks, the Ford F-150 Lightning remains the best-seller, even though deliveries dropped 7.2% compared to the same period in 2024. Tesla’s Cybertruck, love it or hate it (and many do), is at least moving the needle upwards, with 6,406 units sold, up 128.5% over last year’s laughably small starting numbers.

GMC doesn’t separate sales by body style, but Rivian does, and its R1T pickup moved just 1,727 units this quarter, a massive 47% drop from Q1 2023. For all the flak the Cybertruck catches online, it’s still outselling the R1T by a wide margin. No, it’s not the million-unit-a-year miracle Elon once promised, but it’s still finding more buyers than the R1T and that should be sounding alarms in Rivian’s executive suite.

BEST SELLING EV MODELS USA

Car buyers looking for a break may be in for a short-lived reprieve. While vehicle prices are widely expected to rise in response to the Trump administration’s new tariff policy, March offered a rare moment of calm. Both new and used car prices dipped slightly compared to February, and on average, they were less than 1% higher than they were in March 2024.

It’s a temporary win for shoppers, but don’t expect it to last. Once dealers run through their pre-tariff inventory, the market is likely to shift.

Read: Crushing Import Tariffs Could Kill Audi’s Best-Selling Model In America

Data from Cox Automotive reveals that the average monthly transaction price for new cars in the US last month was $47,462. This is a small decline from the $47,577 of February. Curiously, the ATP discrepancy between ICE models and EVs has actually increased recently, even though EVs should, in theory, be approaching price parity.

EV Prices Push Higher

Estimates put the average ATP of a new EV in March at $59,205. This is a 7% increase year-over-year and up from $57,015 in February. This is in part due to rising Tesla prices, with its ATPs estimated at $54,582, or 3.5% higher year-over-year, and jumping 4.5% from February, too.

Average transaction prices at other brands have also jumped. For example, Land Rover ATPs hit $107,129 in March, up 8.8% from February’s figure of $98,478. They are also up 6.1% year-over-year. Lincoln and Mitsubishi ATPs also rose 4.7% and 4.3% month-over-month, hitting $68,281 and $31,692, respectively.

Not All Prices Are Rising

A few automakers actually posted lower ATPs in March. For example, they were down 5% at Cadillac in March, dropping to $74,078. They also declined 5.8% at Jaguar to $64,403, and were down 2.6% at Dodge and Infiniti, falling to $49,548 and $62,276, respectively.

Cox Automotive’s data also reveals that total market sales climbed significantly in March, even though prices and incentives largely remained steady. It estimates that 1.59 million new vehicles were sold last month in the US. If accurate, this would represent the best sales volume month in nearly four years and is a 30% increase from February.

Read: Average EV Transaction Price $6,300 Higher Than Gas Cars

The reason is simple. Many car shoppers have been rushing to buy a new vehicle before the tariffs hit and increase prices across the market.

“All signs point to higher prices this summer, as existing ‘pre-tariff’ inventory is sold down to be eventually replaced with ‘tariffed’ inventory,” Cox executive analyst Erin Keating said. “How high prices rise for consumers is still very much to be determined, as each automaker will handle the price puzzle differently. Should the White House posture hold, our team is expecting new vehicles directly impacted by the 25% tariff to see price increases in the range of 10-15%.”

The electric-versus-combustion debate isn’t just about performance or emissions anymore—it’s also about dependability. And according to Europe’s largest roadside assistance organization, the German Automobile Club (ADAC), electric cars might be quietly winning that fight.

More: The Most Reliable And Longest Lasting Used Cars

Its workers, sometimes known as “Yellow Angels” thanks to their bright uniforms, responded to more than 3.6 million breakdowns over the last year making this study. They recorded the details of each call, and that mountain of data shows that electric vehicles are breaking down less often than internal combustion cars.

EVs Show Fewer Breakdowns

For the first time in 2024, the ADAC said it had enough data to make a confident call on EV reliability, and that call favors electric. With another year of data behind them, the case has only grown stronger. While it responded to more EV calls for service than ever before, those accounted for just 43,678 out of the 3.6 million total or just 1.2%.

The organization pointed out in its recent study that the rise is likely due to the increased popularity of electric vehicles. In addition, the results should be more accurate since some of the EVs on the road are a year older now.

Crucially, 2024 marked the first year ADAC felt it had enough data to confidently say EVs were more reliable. With another year of records, that finding looks even stronger. “For cars first registered between 2020 and 2022, electric vehicles experienced 4.2 breakdowns per 1,000 vehicles,” German outlet Handelsblatt reports. For combustion cars in the same age range, that figure was 10.4.

Common Weak Spot For ICE and EVs

Interestingly, the most common issue for both types of propulsion was the same: the 12-volt batteries. They were the issue in 50 percent of the breakdowns for EVs and 45 percent of the breakdowns for combustion cars. In almost every single category over the last few years, combustion cars have seen more or equal issues when compared to EVs, including the electrical system, engine management, and lighting.

The one area where EVs seem to have more problems is when it comes to tires. Specifically, 1.3 calls for service out of 1000 were due to an EV with tire issues, while combustion cars saw just 0.9 in the same population. It’s worth pointing out that newer EVs do not seem to suffer from the same problem.

Of course, EVs are also devoid of potential ICE issues regardless of age. They don’t have oil to replace, nor the complex propulsion system that an internal combustion engine is, and as a result, they have fewer pieces that can break.

The ADAC acknowledges the challenges with comparing EVs and ICE cars at this point. The data is limited since all-electric vehicles just haven’t been around all that long, thus we can’t know just yet how reliable they’ll all be after they’re 10+ years old. Still, this is a good indication that EVs are improving and could indeed be a more practical mode of transportation, even when we ignore their effect on sustainability. For more detailed information.

Photos ADAC

Tesla owners are feeling the wrath of many people over Elon Musk’s political transformation and it appears a number of them have had enough. That’s according to new data, which has shown a surge in trade-ins.

Citing Edmunds data, Reuters is reporting that “Tesla cars from model year 2017 or newer accounted for 1.4% of all the vehicles traded in until March 15.” That’s up from 0.4% last year and marks a significant increase.

More: Used EV Prices Are Crashing and Tesla’s Leading the Way Down

CNBC noted this is a record level of Tesla trade-ins towards vehicles from other brands. So what’s behind the increase? There’s likely a variety of factors at play, including new competitors in the EV space.

Of course, there’s little doubt that Musk’s close association to President Trump and his status as de facto leader of the Department of Government Efficiency is also playing a role. Sheryl Crow famously ditched her Tesla and said “There comes a time when you have to decide who you are willing to align with.”

Attacks on Tesla dealerships have been grabbing headlines and U.S. Attorney General Pamela Bondi recently stated that “If you join this wave of domestic terrorism against Tesla properties, the Department of Justice will put you behind bars.” However, Tesla owners have also been targeted by hate.

Multiple owners have reported being flipped off or sworn at, while other cases are far more serious. These involve actual vandalism, which can range from vehicles getting keyed to set on fire.

More: Hundreds Of Tesla EVs Pile Up In Canadian Parking Lots After Suspicious Sales Rush

Regardless of what’s behind the shift, Edmunds’ Jessica Caldwell said the change in “Tesla consumer sentiment could create an opportunity for legacy automakers and EV startups to gain ground.” In essence, those turned off by Musk could replace their EVs with models from competitors – which might be good news for the latter, but obviously not for Tesla which is not in the best of shapes when it comes to sales lately.

While you’ve been trying to keep your finances from going off the rails, luxury vehicles are having their moment again. Cox Automotive’s latest Kelley Blue Book report a rather surprising uptick in the number of people splurging on vehicles that cost six-figures.

If you’ve ever wondered just how deep some pockets are these days, prepare for a shock: luxury cars are flying off dealer lots, and you might feel a little behind if you don’t have at least $100K to throw down on a new ride.

More: Don’t Have $100K? Here Are 10 Cars That Will Make You Look Like A Million Bucks For Toyota Camry Money

In the first two months of 2025 alone, over 52,000 new vehicles priced above $100,000 were delivered in the USA. That’s an impressive 13% increase from the 46,000 sold last year, and a mind-boggling 333% spike compared to just five years ago, when only 12,000 six-figure cars were sold. So, it’s safe to say that many people aren’t just fantasizing about luxury anymore- they’re actually buying it.

Range Rover Leads the Pack

So, who’s winning the battle for six-figure supremacy? Somewhat surprisingly, the undisputed champion for 2025 is the Range Rover, which saw over 3,800 monthly sales in February alone. It seems that the British brand has secured its spot as the crown jewel of the six-figure crowd.

Erin Keating, an Executive Analyst at Cox Automotive, offered some perspective on the trend: “While affordability is a challenge for many households, six-figure vehicles continue to sell well and have experienced a four-fold increase in sales volume since early 2020.”

Keating also noted that the widening income gap is significantly influencing new vehicle sales trends, with high-income households and individuals with “prime” or “super prime” credit scores fueling much of the demand.

NEW-VEHICLE AVERAGE TRANSACTION PRICE

A Look at Average Transaction Prices

Now, let’s talk numbers, and specifically, the Average Transaction Price (ATP) for new vehicles. In February 2025, the Average Transaction Price (ATP) for a new vehicle was $48,039. That’s a 1.3% dip from January but still a 1% increase compared to the same time last year.

If you’re wondering which segments are pushing those ATPs above the $100K mark, look no further than the usual suspects: luxury full-size SUVs ($106,332), high-end luxury cars ($121,129), and high-performance vehicles ($121,322), all showing year-over-year growth. No surprises there, right?

Car Brands: Who’s Winning?

On the luxury brand front, Porsche takes the top spot with an ATP of $116,111 in February, which is 12% higher than last year. At the other end of the spectrum, Mitsubishi took the prize for the lowest ATP at $30,410, with Nissan not far behind at $32,262. So if you’ve been eyeing a luxury SUV or sports car, you now know who’s at the top of the price ladder.

More: Porsche May Add Another Gas-Powered SUV Next To Macan EV, Cayenne

For those who prefer a quieter ride with zero tailpipe emissions, electric vehicles are also in the mix. The average ATP for EVs in February stood at $55,273, down 1.2% from January but still up 3.7% from last year. EV incentives also saw a substantial rise, reaching an average of $8,162, the highest it’s been in over five years.

Keating also reflected on how much the overall automotive landscape has changed, noting, “February marks the five-year anniversary of the last ‘clean month’ of data prior to the global COVID pandemic that shifted the automotive landscape. Compared to February 2020, ATP is up 25% while incentives are down 13% and monthly sales are down 9%. Auto loan rates are higher now as well, making new-vehicle affordability a real challenge for most households.”

Average Transaction Prices Feb 2025 vs 2024

ATP VS INDUSTRY AVERAGE INCENTIVE SPEND AS % OF ATP

Lead image Urban Automotive

Elon Musk may have mastered the art of staying in headlines, but lately, not all press has been good press—especially if you’re trying to sell electric cars. While his public image in the US has taken a noticeable hit, things have turned downright bleak for Musk in Germany.

More: Musk Appeals For $56 Billion Tesla Payday, As Firing Thousands Just Doesn’t Pay Enough

Tesla’s sales there have nosedived, and to make matters worse, Musk’s appearance at Donald Trump’s January inauguration, complete with what many interpreted as a Nazi-like salute, has ignited fierce backlash to both the man and the brand across the country. Now, a new study lays bare just how deep Tesla’s troubles in Germany run.

The huge survey, carried out by German publication T-Online, polled around 100,000 readers and revealed that 94% of respondents wouldn’t touch a Tesla. Just 3% said they’d even consider one. It’s the kind of result that might make even the most confident CEO reconsider their strategy—or at least their social media posts.

Tesla’s Decline in Germany

Many had long expected Tesla’s dominance over the EV market to slowly fade as legacy car manufacturers got their act together and launched their own EVs. However, it hasn’t really been legacy brands that have Tesla quaking in its boots, but rather newer car companies from China, including BYD. In addition, Elon Musk’s foray into politics in the United States has hampered sentiment in Tesla.

Read: Activists Project ‘Heil Tesla’ Onto Musk’s Own German Gigafactory

It’s not just Musk’s involvement in US politics that’s hurting Tesla. Prior to Germany’s federal election in February, Musk threw his support behind the far-right AfD party or Alternative for Germany. Musk’s questionable antics have also continued online, and last week, he reposted a tweet on X proclaiming that, “Stalin, Mao and Hitler didn’t murder millions of people,” but rather, “their public sector workers did.”

Sales Slump Despite EV Market Recovery

If Tesla plans to regain footing in Germany, it has some serious damage control to do. Sales figures paint a stark picture: across January and February, Tesla sales dropped over 70%, even as Germany’s broader EV market bounced back from a sluggish 2024.

Much of Tesla’s hopes now rest on its updated Model Y. Borrowing design cues from the angular Cybertruck and futuristic Cybercab, the refreshed Model Y aims to deliver better efficiency, improved refinement, and a more polished driving experience.

On paper, it’s positioned to be one of the most well-rounded EVs available, but whether German buyers are ready to overlook Musk’s controversies and give it a chance is another question entirely.

If you’re in the market for a used car, there’s some good news as a study found the average price of a 1- to 5-year-old used vehicle is $31,257. That’s down $239 from a year ago, which equates to a modest drop of 0.8%.

However, if you’re in the market for an EV, it’s time to pop the bubbly. According to iSeeCars’ latest study, the price of a late model used electric vehicle plummeted 15.1% from a year ago.

More: Global EV Sales Projected To Rise 30% In 2025

That means the average 1- to 5-year-old EV costs $32,198. That’s $5,709 less than last year and is just slightly more than the $31,281 average price of a gas-powered model.

Tesla was the big loser as their average used vehicle price dropped to $31,733, which was a decline of $5,013 or 13.6%. Maserati posted a larger price drop of $5,208 but that’s only down 10.6% from a year ago. Chrysler finished off the loser’s podium as their used vehicles lost $2,058 or 7.6% compared to last year.

Top 10 Brands With the Largest Price Drops

iSeeCars blamed the steep Tesla declines on a variety of factors including new vehicle price drops, an aging product lineup, and stalling demand for new and used EVs. It’s also worth mentioning that Elon Musk’s political transformation appears to have alienated some customers and put owners in the crosshairs, limiting Tesla’s appeal.

That being said, “used car prices have largely stabilized.” This includes EVs, to an extent, as “used electric vehicle pricing was dropping around 30% every month in the first half of 2024, but over the past six months it’s been down between 15% and 20%.” That’s far from good, but things are improving.

For comparison, used gasoline and hybrid vehicle prices were only down 0.5% from a year ago. That equates to a mere $160.

Change in 1- to 5-Year-Old Used Car Prices by Powertrain 2025 vs. 2024

Given this, iSeeCars Executive Analyst Karl Brauer said “It’s not easy to find a great deal in today’s used car market, but if an electric vehicle can serve your personal transportation needs, most used models have dropped substantially in cost over the past year, especially compared to gas and hybrid models.”

Unfortunately, the future looks grim as Brauer stated “There’s no indication prices will drop from their current levels throughout 2025 and, with tariffs looming, the price of both new and used cars could potentially rise.”

That’s a bit of a bummer, but you can save money by picking certain vehicles. The BMW 5-Series Hybrid, Porsche Taycan, and Tesla Model S saw the biggest price drops. The Taycan, in particular, was down a staggering 26.5% ($26,626) from a year ago. Of course, you’d still be looking at spending $73,976 for a used one.

Top 10 Used Cars With the Largest Price Drops

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Used EVs With the Largest Price Drops

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Used Hybrid Pricing