The electric version of the Genesis G80 struggled heavily on the sales front, and was only in production for three model years between 2023 and 2025. However, if you’re shopping for your next set of wheels on the used market, this model’s first year could be a fantastic way to get a fairly recent EV in your garage without breaking the bank.The 2023 Electrified G80 has lost nearly two thirds of its value over the past three years: while its original starting price varied between $50,000 and $65,750 depending on trim level, today you can find one on the used market for around $30,000. The 2023 Electrified G80 On The Used Market: Prices And Reliability GenesisIf you’re interested in buying a 2023 Genesis G80 EV today, you have plenty of options to choose from at a highly affordable price. This model’s original starting prices varied between $50,000 and $65,750. Today, you can find one on the used market for as little as $30,000, although at this price point you’re more likely to find cars with a higher mileage and a poorer maintenance record. The upper end of the used price range today sits around the $40,000 mark, for vehicles with fewer miles and better maintenance.As far as reliability goes, the 2023 G80 EV has a fairly good record. Although it did not obtain a J.D. Power Quality and Reliability Score, its gas-powered counterpart got a score of 85/100, ranking squarely in the middle of other model years from this generation.GenesisOverall, the 2023 Electrified G80 is still a very recent car; despite the occasional issue, a used example of this model is very likely to provide you with many years of trouble-free ownership, provided you stick to the recommended maintenance schedule. Could The 2023 G80 Be The Right Used Car For You? Genesis The 2023 G80 may have a few downsides that have contributed to its rapid depreciation (we’ll go into more detail on those further down), but overall it still has the potential to be a great choice of used car, depending on your transport needs.If range is not a major priority for you, the G80 could be a fantastic option, with 282 miles available from a full charge. Maybe you do most of your driving in short bursts, in an urban or suburban environment. Or maybe you have a home charger, allowing you to start each day with a full battery. Either way, if the ability to travel very long distances on a single charger is not at the top of your wishlist, don’t overlook the electric G80 as a potential addition to your garage. The model is also equipped with 800V fast charging, which allows you to get up to 80% charge in around 20 minutes.Genesis As it is only three years old, the 2023 G80 EV offers a combination of modern tech and an affordable price tag. Most of the convenient features we have become accustomed to in modern vehicles are present, such as Apple CarPlay connectivity. Why The Electrified G80 Struggled On The Market Genesis Part of the reason behind the electric G80’s struggle to sell simply has to do with shifting consumer preference, particularly on the body style front. The G80 is a sedan, an automotive category that has been endangered on American roads for quite a long time. The sedan was once considered one of the “default options” for American drivers looking for a family car, alongside vehicles like the wagon (itself in danger of going the way of the dodo). However, since the turn of the millennium, consumers’ taste has shifted to prefer crossovers and SUVs.This change had been in the making for years, as SUVs (once reserved for farm work and the military) had gradually entered the realm of daily driving. However, the arrival of the crossover in the '90s accelerated things, and the sedan fell down the ranking of American drivers’ favorite body styles.Genesis The G80 EV also does not have a frunk, which reduces the total amount of storage space available and impacts the car’s practicality. Considering the fact that consumer demand for practicality is a major reason why SUVs have taken over, the G80’s lack of storage space did not play in its favor.Its relatively small driving range played a part as well. Although battery technology is constantly evolving, even by 2023 standards the G80’s 282-mile range was not that impressive for a luxury EV; many vehicles in this category were able to get across the 350-mile mark at the time. As a result, the G80 struggled to keep up in a highly competitive market.Last of all, we have another important factor: the G80’s brand itself, Genesis. This luxury sub-brand had only existed on the US market since the 2017 model year; when the 2023 G80 went on sale, it had only been building its reputation for six years. Although Hyundai was already a major player in the industry by that point, it might simply have taken a while for cautious consumers to warm up to the new brand, which would have affected the G80’s sales. Other Luxury EVs That Have Tanked In Value Tesla The G80 is not the only high-end electric vehicle out there that has experienced a sharp drop in value over the course of a few years. As EVs are a fairly young automotive category, and the technology that powers them has made leaps and bounds in a relatively short amount of time, there are several models that started out with hefty price tags, but can now be had for a fraction of their former value. Let’s take a look at a few of them.Tesla Model S: The Tesla Model S sedan, one of the models that helped propel electric vehicles into the mainstream, is due to be discontinued later this year alongside the Model X SUV. First introduced in 2013, it underwent a major facelift for the 2017 model year which got rid of the black “mock grille” seen in early models. The 2013-2016 version is especially inexpensive for this reason, with average prices sitting in the mid to high teens.BMW i4: The BMW i4 was only in production for five years, before being discontinued this year due to the arrival of the new Neue Klasse-based i3. There are both single-motor and dual-motor options in the i4’s lineup; the former are, as expected, more affordable, with the lower end of the price range sitting around the $23,000 mark. The most expensive variant is the high-performance M60, which can be had for up to $78,000.Mercedes-BenzMercedes-Benz EQS: The Mercedes-Benz EQS was introduced for the 2022 model year, and is still in production, but hasn’t had a lot of luck on the market. A 2024 study revealed the EQS was the fastest depreciating vehicle that year, as prospective buyers were put off by its odd design and high price. Today, you can pick one up for between $25,000 and $57,000.Lucid Air: The Lucid Air is a little more expensive than the rest, but has still lost a lot of its value due to depreciation. Introduced for the 2022 model year, the Air sedan offers a variety of trim levels ranging from the entry-level Pure (used examples of which can be had for $35,000) to the range-topping Sapphire (which will set you back up to $100,000).Sources: Genesis, Tesla, BMW, Mercedes-Benz, Lucid