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What gives an EV its value? When you listen to and read about electric cars and SUVs, the topic of driving range almost always comes up. If we push aside the luxury qualities of a Mercedes-Benz EQS, the capability of a GMC Sierra EV Denali, or the incredible fuel economy of the Lucid Air and focus on two factors — price and driving range — something interesting appears. We find the electric vehicles with the worst value for the money.

Which electric vehicles have the worst value?

A white 2023 Tesla Model X is driving down the road.
2023 Tesla Model X | Tesla

When we consider only EVs’ price and driving range, some models come out smelling like roses, while others leave us questioning their popularity. These are the 10 worst electric vehicles for value when weighing their range against their MSRP:

  • 2023 BMW i7 — 318 miles, $119,300
  • 2023 Mercedes-Benz EQS SUV — 305 miles, $104,400
  • 2022 GMC Hummer EV — 329 miles, $108,700
  • 2023 Tesla Model X — 351 miles, $109,990
  • 2022 Mercedes-Benz EQS 450+ Sedan — 350 miles, $102,310
  • 2022 Rivian R1S — 316 miles, $92,000
  • 2023 Polestar 3 — 300 miles, $83,900
  • 2024 GMC Sierra EV Denali — 400 miles, $107,000
  • 2023 Lucid Air — 516 Miles, $138,000
  • 2024 Volvo EX90 — 300 miles, $80,000

Strangely, the worst-value electric vehicles based on their driving range and retail price are also some of the most highly regarded new EVs. Many of these electric SUVs and cars have the longest driving range. That just goes to show you’ll have to pay more if you want the best range in an EV.

2023 BMW i7

2023 BMW i7 Electric Luxury Car posed in a desert setting
2023 BMW i7 | BMW Group

The new flagship sedan from BMW is the 2023 i7. This large model takes on the Mercedes-Benz EQS sedan for the top spot in the luxury electric car market. You’ll find standard all-wheel drive, leather upholstery, a 12.3-inch digital instrument display, and a 14.9-inch infotainment touchscreen. The 2023 i7 has only the xDrive60i configuration, but BMW offers the 2024 model in eDrive50, xDrive60, and M70 variations.

2023 Mercedes-Benz EQS SUV

2023 Mercedes-Benz EQS All-Electric Luxury SUV driving around a curve
2023 Mercedes-Benz EQS SUV | Mercedes-Benz

The largest electric SUV in the Mercedes-Benz lineup is the new EQS SUV. This luxury midsize crossover delivers plenty of power and the option of rear-wheel drive or AWD to suit drivers’ preferences. All 2023 EQS SUVs include the MBUX infotainment system with a 12.3-inch digital instrument cluster and a 12.8-inch OLED multimedia touchscreen. The 450+ model also features a panoramic glass roof, providing an open-air feeling. Standard seating is for five, but the optional third row can increase that number to seven.

2022 GMC Hummer EV

2022 GMC Hummer EV splashing through the water
2022 GMC Hummer EV | GMC

Among the five worst electric vehicles for value, the GMC Hummer EV is the only truck and the only model without a luxury brand name on our list. The Hummer EV came to the market and proved how cool an electric vehicle could be. This 9,000-pound beast can rocket to 60 mph in three seconds, drive diagonally around off-road obstacles, raise and lower itself to handle items in its path, and sits much higher than most other EVs.

2023 Tesla Model X

The Tesla Model X is an impressive midsize luxury SUV that delivers the range, comfort, and quality consumers want in a futuristic vehicle. The base model, with a five-passenger configuration and 20-inch wheels, achieves the best driving range. This EV can hit 60 mph in a quick 3.8 seconds. The more powerful Plaid trim can sprint to highway speeds in 2.5 seconds. This Tesla presents all driving controls on a large vertical touchscreen and boasts an eye-catching feature: a set of rear falcon-wing doors.

2022 Mercedes-Benz EQS 450+ Sedan

2023 Mercedes-Benz EQS Electric Car driving on a road
2023 Mercedes-Benz EQS sedan | Mercedes-Benz

One of Mercedes-Benz’s first efforts toward an electrified lineup is the EQS sedan. This electric car is the counterpart to the venerable S-Class sedan. The EV is as classy and sleek as the heritage model. The 450+ provides the EQS sedan’s longest driving range, but the more powerful 580 will satisfy consumers craving more thrills. This electric sedan’s cabin is flawlessly built to meet luxury buyers’ expectations, delivering a sublime driving experience.

These five electric vehicles are considered the worst for value only based on price and driving range. All are exceptional EVs with much more to offer than we’ve covered here.