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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)

URL:
https://www.wri.org/blog/2019/08/6000-electric-vehicle-power-used-car-market-bring-electric-vehicles-everyone

Theme: Sustainable transportation | Subtheme: Public

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