After two years of nothing but workshop visits and problems, Alexander Davey was told that his electric Porsche is worth 0 kroner in a trade-in.
The Porsche Taycan is not only the brand's first electric car, it's also worthless after two years. Alexander Davey knows that.
On YouTube, he says that the car he bought two years ago is worthless in the eyes of a car dealer. At least not since Davey wanted to trade it in for a new Porsche 911.
Because even though electric cars, in theory, cost less to run due to fewer moving parts and electricity, which is cheaper than gasoline and diesel in some places, this does not necessarily correlate with reality.
Used, electric cars are worth very little at best. At worst, nothing at all. Alexander Davey was told this by the car dealer.
Some car dealers are even advising their customers to sell their cars, which has in turn caused the private used car market to collapse.
According to the car dealer that Alexander Davey refers to, the non-existent value is due to the fact that many Taycan owners are currently returning their cars after lease periods have ended, which is flooding the market.
Porsche is already having a hard time selling new models. The top-of-the-line Turbo GT, for example, lost almost a quarter of a million kroner in value after just 28 days. Read more about it here.
Porsche has actually gone so far that it is now shifting its focus to less on electric cars.
The management in Zuffenhausen is ready to throw 800 million euros after the development of new combustion engines for new gasoline and diesel cars.
About the Porsche Taycan:
The Taycan is Porsche's first true electric car. The car is the production-ready version of the Mission-E concept from 2015.
The car became a reality in 2019, and at first Porsche was busy assembling the cars. However, the wheat bread days and interest in the electric car quickly waned.
The Taycan Turbo S can accelerate from 0 to 100 km/h in under 3 seconds. The car is also equipped with advanced technology, including an 800-volt charging system. Something that is also used in its sister car, the Audi e-tron GT.
However, neither model on that platform has been a smooth ride for the VAG Group. Porsche has had to recall the car several times due to battery problems and the risk of battery fires.
Here in Denmark, the Porsche costs from 929,000 kroner for the base model – which is simply called Taycan. Figures from the Danish Motor Register show that 9 copies of the car were registered in Denmark during 2024.
In 2024, Porsche delivered 20,800 Taycan models to customers around the world. And while that's a lot of cars for a brand of Porsche's size, it's still a drop of almost fifty percent compared to the volume in 2023.
