Once serious critical mass begins with electric vehicle sales—how are hundreds of millions of people around the world going to get rid of their internal combustion engine vehicles when no one wants to buy them anymore?

Question

Once serious critical mass begins with electric vehicle sales—how are hundreds of millions of people around the world going to get rid of their internal combustion engine vehicles when no one wants to buy them anymore?

In: Economics

Answer 1

Why would they “get rid of them”? The cheapest car is always the car you already have, if it’s still roadworthy and still suits your needs. People will simply keep driving their ICE cars until they’re too old to be useful, and then they’ll sell them to wreckers and scrappers, the same way that they do today.

Also, there will always be people wanting to buy used ICE cars instead of new electric cars, because they’ll be cheaper. It will be a long time until the last mass-produced ICE cars lose all of their value as used vehicles.