sly_karma
Crew Member
Lots of claims about EV depreciation being higher than comparable ICE. I thought I'd look at the estimated value loss for F150 in Lightning and gas versions. I used the Autotrader.ca website to look up new pricing and current used value. I used Supercrew cab and 5.5 ft box as search terms since that is the only box and cab configuration offered in Lightning. I looked at the high used value for both gas and EV trucks.
2023 Lightning XLT: new MSRP $69,000; used w/60,000 km: $42.453; depreciation: 38%
2023 gas F150 XLT: new MSRP $59,125; used 2/60,000 km: $37,161; depreciation: 37%
This website wasn't sufficiently granular to show options such as the 3.7L EcoBoost drivetrain, or other comfort and convenience options included with the Lightning that added thousands more to gas F150 new price. Nonetheless, it seems there's no uptick in depreciation percentage for Lightning owners compared to gas power (ie, the usual big hit as you drive off the lot seems to apply fairly evenly).
Here's the good news: ongoing ownership cost. My own figures for 57,700 km driven as of end of October:
Charging costs (total of home and public charging): $2287
Est. gas cost (based on 15L/100 km, Stats Can avg monthly gas price): $13,304
Energy savings: $11,017
Oil changes (5 @ $150): $750
Brake pads and rotors: $1250
Maintenance savings: $2000
So over two-and-a-bit years, I'm about $13,000 in front on energy and maintenance by going electric. More fun to drive, no emissions, cheaper to run. They don't fit every situation, but there's no downside for me.
2023 Lightning XLT: new MSRP $69,000; used w/60,000 km: $42.453; depreciation: 38%
2023 gas F150 XLT: new MSRP $59,125; used 2/60,000 km: $37,161; depreciation: 37%
This website wasn't sufficiently granular to show options such as the 3.7L EcoBoost drivetrain, or other comfort and convenience options included with the Lightning that added thousands more to gas F150 new price. Nonetheless, it seems there's no uptick in depreciation percentage for Lightning owners compared to gas power (ie, the usual big hit as you drive off the lot seems to apply fairly evenly).
Here's the good news: ongoing ownership cost. My own figures for 57,700 km driven as of end of October:
Charging costs (total of home and public charging): $2287
Est. gas cost (based on 15L/100 km, Stats Can avg monthly gas price): $13,304
Energy savings: $11,017
Oil changes (5 @ $150): $750
Brake pads and rotors: $1250
Maintenance savings: $2000
So over two-and-a-bit years, I'm about $13,000 in front on energy and maintenance by going electric. More fun to drive, no emissions, cheaper to run. They don't fit every situation, but there's no downside for me.