Climate, Technology and Value: Insights from the First Decade with Mass-Consumption of Electric Vehicles

Gøril L. Andreassen and Jo Lind

No 9814, CESifo Working Paper Series from CESifo

Abstract: We investigate empirically whether the market value of electric vehicles, which have rapid technological progress, decline faster over their lifetime than gasoline vehicles, which is a mature technology. We use novel data from the market with the highest market shares for electric vehicles in the world, Norway, from the largest web platform for secondhand vehicles for 2011-2021. The price path of electric vehicles declines faster than gasoline vehicles. This seems to be driven by the electric vehicles with below median driving range. We hypothesize that the large price drop is mainly due to the fast technological improvement of electric vehicles.

Keywords: energy transition; price; technological progress; low-carbon technologies; electric vehicles; secondhand market; climate policy (search for similar items in EconPapers)
JEL-codes: D12 L60 L62 O33 Q55 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur, nep-tid and nep-tre
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Climate, Technology and Value: Insights from the First Decade with Mass-Consumption of Electric Vehicles (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_9814

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