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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 9814

Classification and Topics

• Classification: Wirtschaft ; Consumer Economics: Empirical Analysis ; Industry Studies: Manufacturing: General ; Automobiles; Other Transportation Equipment; Related Parts and Equipment ; Technological Change: Choices and Consequences; Diffusion Processes ; Environmental Economics: Technological Innovation
• Subject: energy transition ; price ; technological progress ; low-carbon technologies ; electric vehicles ; secondhand market ; climate policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Andreassen, Gøril L. ; Lind, Jo Thori
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/263744
• Last update: 10.03.2025, 11:45 AM CET