Porsche’s EV Gamble: The Taycan Depreciation Crisis - Explained

Uploaded 1 month ago by Cars with Miles

Video Summary

Here is the summary of the YouTube video review of the Porsche Taycan:

Key Findings:
- Porsche Taycan models experience rapid depreciation, making them poor investments;
- Battery issues have been found to be a significant factor in this problem, including failures;
- Replacement battery packs are expensive, costing as much as an entire used Macan S;
- The complex and rapidly evolving battery technology contribute to potential failures;
- Porsche mechanics may struggle to keep up with training for new electric technology;
- Early Taycan models lack over-the-air software updates, requiring service visits;
- These recalls are not unique to the Taycan, but are common to most EVs and are considered overblown, but are frequent.
- The actual real-world range is around 240 miles on the new model, which doesn't stand out as much compared to its competitors with their greater range;
- It is possible to obtain just 200 miles of range from older models of the car;
- Over-the-air updates for the 2021 model fixed some of the problems, such as replacing contactors;
- While its the slowest in the series, the test car performed well enough and maintained 0 to 60 miles in 4.34 seconds;
- Porsche models feature superior performance and precise steering.
- To restore consumer trust, the reviewer suggests extending the car's warranty.
- Only 5% of Taycans are lemon title vehicles, putting it at the same average as a Mercedes EQS or Hyundai Ioniq 5.

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