It happened on the A377 just before 11pm on Friday night.
A silver Peugeot estate left the road and hit a granite post and some trees.
A 41-year old man was taken to the RD&E with serious head and chest injuries.
He was later transferred to Derriford Hospital in Plymouth.
Officers from the Serious Collisions Investigation Unit are investigating and appealing for witnesses.
Fourth teenager arrested in Plymouth murder investigation
Man dies in rural Devon crash
Devon teenager charged with murder
Dramatic bedroom window rescue of flood-hit resident
Storm damage to West Hoe Pier could cost extra £200,000
Storm Chandra causes disruption across Devon
