Why the Mitsubishi i-MiEV Still Holds Value
In an era dominated by advanced electric vehicles, the Mitsubishi i-MiEV, one of the earliest EVs, surprisingly retains a notable market value. Despite its outdated technology and perceived limitations, the used car market reveals surprisingly high prices for this quirky model. Even in places like South Dakota, where the average price hovers around $8,000, the i-MiEV commands a significant premium compared to its initial cost, which was nearly $30,000.
The i-MiEV’s Production and Market Performance
The Mitsubishi i-MiEV was produced from late 2011 to 2017 in the U.S., with production continuing in other countries until 2021. With only 2,148 units sold in the U.S., its rarity contributes to its elevated used car prices. Although its range and performance are modest—offering 70 miles on the base model and 110 miles on the G trim—its limited availability and unique design have helped maintain its market value.
Evaluating the i-MiEV’s Current Market and Battery Considerations
While the i-MiEV’s small size and outdated features might deter some buyers, its current prices reflect a surprising market resilience. Potential buyers should be cautious of battery life, as replacing the 16 kWh lithium-ion battery could cost around $4,500. Most used models from 2012 to 2014, averaging under 50,000 miles, are priced between $6,500 and $10,995, indicating that despite its age, the i-MiEV continues to hold significant appeal in the used EV market.