At the start of their journey in the automotive world, electric vehicles were quite far removed from the world of performance. Their priority was eco-friendliness, efficiency, and low costs: all “boring but useful” factors not typically associated with a high-performance car. In recent years, however, things have changed. Hybrid supercars introduced the idea of electrification as a way to boost performance, and even fully electric powertrains have been explored as a potential way for automakers to create faster and more exciting vehicles.

Today, there are several high-performance EVs to choose from on the market. Many of them combine performance and practicality, offering enough space to transport a family alongside performance metrics that were the domain of supercars a couple of decades ago. We are taking a closer look at two such models, the Kia EV6 GT and the Tesla Model Y Performance.

These models are both practical daily drivers with a bit more edge, thanks to performance-oriented powertrains that set them apart from their respective base-trim versions. However, if you’re shopping for a new car and considering buying one of them, you might be wondering which one is most likely to hold its value over the years.

EVs are notoriously more prone to depreciation; as a result, prospective owners are more likely to take this factor into account when making their decision as a result. Here is what you can expect from these electric rivals, in terms of both features and pricing.

The EV6 GT And The Model Y Performance: Pricing Data And Trends

Kia

The depreciation rates for the Kia EV6 GT and the Tesla Model Y Performance are fairly similar, however the Tesla has a slight advantage. According to CarEdge, both models lose around 60% of their value within the first three years of ownership. For the Kia, the prices available on the used market confirm that data point; however, the prices for the Tesla indicated a slightly lower rate of depreciation than that estimated by CarEdge.

Let’s start by looking at the 2023 Kia EV6 GT. The model had an original starting price of $61,600; today, examples can be found on the used market for as little as $20,000, or 67% down from the original value. The most expensive vehicles are located around the $40,000 mark (35% depreciation). Most cars on sale can be found between $25,000 and $30,000, indicating a depreciation rate of around 60%.

Tesla

For the Tesla Model Y Performance, the picture is quite similar, but slightly more positive. The starting price for the 2023 model was $52,490. Today, the cheapest examples can be found around the $24,000 mark, which suggests a depreciation rate of around 54%, slightly less than the CarEdge estimate. The most expensive examples of the model are available for around $41,000, just 21% down from the original value.

If you are struggling to choose between these two models and depreciation is your biggest concern, your best bet is to opt for a Model Y Performance with plenty of optional features on board, and follow a strict maintenance schedule to keep it in top shape: that’s the best way to ensure your vehicle bucks the trend of EV depreciation and holds onto its value as much as possible.