Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/263744 
Year of Publication: 
2022
Series/Report no.: 
CESifo Working Paper No. 9814
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
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.
Subjects: 
energy transition
price
technological progress
low-carbon technologies
electric vehicles
secondhand market
climate policy
JEL: 
D12
L60
L62
O33
Q55
Document Type: 
Working Paper
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