The $6,000 Electric Vehicle: The Power of the Used Car Market to Bring Electric Vehicles to Everyone
Publication Year: 2019
Author(s): Sclar R, Werthmann E
Abstract:
Transportation is the fastest growing source of carbon dioxide emissions and fossil fuel demand worldwide. That makes zero-emission vehicles a prerequisite for a sustainable future.
But while electric future is often defined by the sci-fi innovations of companies like Tesla and Rivian, the reality is that 70% of all car sales in the United States – the second-largest market for electric vehicles (EVs) – are for used vehicles.
New cars are exciting and tend to occupy headlines, but used cars are what actually occupy the streets. To ensure a clean vehicle transition for everyone, regulators can and should adapt established techniques for promoting new EVs to the used EV market.
Country: United States of America
Publisher/Organisation: World Resources Institute (WRI)
Rights: World Resources Institute (WRI)
Theme: Sustainable transportation | Subtheme: Public
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