Walk into a Porsche Centre today and you'll find late 2024 Macan EVs with 2,000 miles listed at £79,950. Those same cars sold for approximately £96,000 on the road new. That's £16,050 gone in under a year and barely enough miles to break in the brake pads.
Multiple dealers across the UK are sitting on identical inventory. Teesside, Bournemouth, Newport. All three had nearly new Macan EVs priced identically at £79,950 as of March 2025, according to discussions on Porsche Macan Forums. Portsmouth had seven brand new examples on the forecourt simultaneously, suggesting Porsche is dumping unsold stock onto its dealer network and hoping discounts move metal.
The Macan isn't alone. Porsche's entire electric lineup is experiencing depreciation that would make a Maserati owner wince. One Taycan Turbo S owner on MacanEVowners forum reported selling their certified pre-owned example at just 45 percent of MSRP after three years and 18,000 miles. With the $7,500 U.S. tax credit factored in, the effective residual dropped to 39 percent.
"Porsche dealerships wouldn't touch it," the owner wrote. "I've come to the conclusion that leasing, even with mileage overage, is superior to purchasing EVs."
That's a damning indictment from someone who bought a £150,000 Porsche and watched it crater to £60,000 in under four years. The car barely got driven. Low mileage didn't save it. Porsche provenance didn't save it. Being a halo product didn't save it. Nothing saved it.
The broader UK EV market tells the same story. According to What Car? data from April 2025, mass-market EVs are losing 65 to 70 percent of their value within three years. The Vauxhall Corsa Electric drops from £28,330 to £8,325 after 36,000 miles and three years, retaining just 29 percent of its original price. The DS 3 E-Tense sheds 67 percent over the same period.
Even premium badges offer little protection. Carwow reports EVs average 39 percent residual value after three years compared to 52 to 56 percent for petrol, diesel, and hybrid cars. That's a 13 to 17 percentage point gap on vehicles that cost significantly more new.
Top Charger's comprehensive UK analysis from November 2025 found EVs depreciate six percent more than petrol cars over three years. On a £40,000 vehicle, that translates to an additional £2,400 loss, or £67 per month. Premium EVs above £50,000 lose 40 percent versus 37 percent for petrol equivalents, narrowing the gap slightly but still bleeding thousands more in absolute terms.
The first year inflicts the worst damage. EVs lose 20 percent of their value in the first twelve months compared to 17 percent for petrol cars, per Top Charger. After that initial crater, both stabilize around 10 to 11 percent annual loss. But the damage is done. That front-loaded depreciation curve means buyers who finance and trade after three years get destroyed.
Porsche's problems stem from multiple factors converging simultaneously. Battery technology improves rapidly, making year-old EVs obsolete against newer models with better range, faster charging, and more efficient powertrains. The Taycan launched in 2019 with a 79.2 kWh battery delivering 201 miles of range. Five years later, competitors offer 100+ kWh packs with 300+ mile ranges at lower prices.
Government incentives only apply to new EVs, creating a price ceiling on used examples. Why buy a three-year-old Taycan for £60,000 when a new Model 3 with warranty and tax breaks costs £45,000? The math doesn't work.
Porsche also positioned EVs as premium products with premium pricing. The base Macan EV starts at £70,000, £10,000 more than a Macan S and £16,000 above the entry petrol Macan. Insurance runs higher. Depreciation hits harder. The petrol version costs less to buy, insure, and own over three years despite fuel expenses.
Supply overwhelms demand. GaukMotorBuzz.com covered the phenomenon extensively in August 2025, noting used EV supply expansion outpaced buyer appetite, forcing prices down across the market. Dealers who took Macan allocations expecting strong demand now sit on inventory they can't move at full retail.
Porsche's response has been aggressive discounting. Those £79,950 Macans represent £16,000 off in under a year. Buyers who paid full price months earlier just watched their equity evaporate. The secondary market adjusts instantly. Private sellers can't compete with dealer discounts, so values collapse further.
Battery anxiety compounds the crisis. Lithium-ion batteries degrade over time. Buyers fear replacement costs that can exceed £20,000 for out-of-warranty packs. Even though modern EV batteries retain 80 to 90 percent capacity after eight years and manufacturers warranty them for 100,000 miles or eight years minimum, perception drives pricing more than reality.
Compare this to traditional Porsche ownership. A 911 Carrera S typically retains 60 to 65 percent of its value after three years. Rare models appreciate. GT3s and GT4s sell above retail the moment allocations arrive. Enthusiasts treat air-cooled 911s as investment-grade assets that gain value annually.
The Taycan and Macan EV offer no such refuge. They're depreciating like laptops, not luxury sports cars. Technology obsolescence replaced scarcity as the dominant value driver.
Lease companies saw this coming. Residual value forecasts for EVs reflect brutal depreciation assumptions, which pushes monthly payments higher. But lessees hand the car back after three years and walk away. Owners who financed or paid cash absorb the full loss.
One forum user calculating total cost of ownership on a £200,000 loaded Macan Turbo EV estimated £100,000 in depreciation plus £40,000 in financing costs over four years. Total loss: £140,000. That's 70 percent gone on a car driven 15,000 miles annually.
"Some people will simply not care, will pay cash and just enjoy their 'today' with the vehicle that they love," the user wrote on Macan Forum. "But those governments that sold manufacturers the EV promise lied to them."
Porsche isn't retreating from electrification despite the financial carnage. The company committed to electric Macans only, killing the ICE version entirely for future production. That decision looked bold when announced. Now it looks reckless as inventory piles up and values crater.
Motorpoint data shows the depreciation gap is narrowing long-term. In 2020, EVs depreciated 12 percent more than petrol cars. By 2025, that gap closed to six percent. Forecasts suggest parity by 2028 or 2029 as technology stabilizes and the 2035 combustion engine sales ban approaches.
But those are forecasts, not guarantees. And they don't help the person who bought a Taycan Turbo S in 2021 and watched it lose 55 percent of its value in three years while Porsche dealers refused to take it on trade.
The secondary market reveals uncomfortable truths. A 2022 Taycan Turbo S with 18,000 miles shouldn't sell for 45 percent of MSRP. A £96,000 Macan EV shouldn't drop to £80,000 with 2,000 miles. These aren't normal depreciation curves. They're value destruction on an industrial scale.
Premium brands typically offer protection against steep depreciation through badge equity and desirability. Mercedes EQC, BMW iX, and Audi e-tron all hold better residuals than mass-market EVs, retaining 55 to 77 percent after three years according to Carwow. But Porsche's EVs are falling faster despite the marque commanding higher transaction prices than any of those competitors.
The charging standard debacle didn't help. Early Taycans used CCS charging when Tesla's Supercharger network dominated infrastructure. Buyers faced range anxiety compounded by charging availability concerns. The Macan launches with the same limitations while competitors gain Tesla connector access.
Porsche could stabilize values through certified pre-owned programs with aggressive buyback guarantees. They could offer lease programs with artificially inflated residuals to drive monthly payments down. They could pause EV production until demand catches up to supply.
Instead, dealers are slashing prices on barely-used inventory while new cars continue arriving. The message to buyers: wait six months and save £15,000. The message to owners: you just lost £15,000.
For anyone considering a new Porsche EV, the math is brutal. You're financing depreciation that exceeds most people's annual salary. A £96,000 Macan loses £16,000 in a year. A £150,000 Taycan Turbo S loses £90,000 in three years. Those aren't cars. Those are financial mistakes wrapped in Stuttgart engineering.
Lease it. Use it for three years. Hand it back. Let the finance company eat the depreciation. Because if you buy, you'll be the one choking on a loss that makes the 2008 financial crisis look like a rounding error.
The Porsche ownership experience used to mean appreciating assets and strong residuals. Now it means watching £15,000 to £20,000 vanish annually while dealers dump identical cars for thousands less than you paid.
That £96,000 Macan sitting at £79,950 with 2,000 miles? Someone bought it new eleven months ago. They just lost more money than most people earn in a year. And Porsche has seven more just like it waiting for the next buyer who hasn't checked used prices first.
Don't be that buyer.