Climate, Technology and Value: Insights from the First Decade with Mass-Consumption of Electric Vehicles
利用挪威2011-2021年二手电动汽车数据，发现其价格比燃油车下降更快，尤其续航低于中位数的车型，主要源于技术快速进步导致产品过时。
Abstract Adoption of low-carbon technology is key to mitigating climate change. A possible unwanted consequence of fast technological progress is that products get outdated before their technical lifetime is over. We investigate whether the market value of electric vehicles, characterized by rapid technological progress, declines faster over their lifetime than gasoline vehicles, which represent a mature technology. We use novel data from Norway, the market with the highest market shares for electric vehicles in the world. The data are from the largest web platform for secondhand vehicles over the period 2011–2021. Prices of electric vehicles decline 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.