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

The same way people got rid of their old computers, old sewing machines, and anything else: they sell them as antiques and collectibles, and a few will be maintained just like the first airplanes. There will never be a time when nobody wants them, rather, they will become more scarce and valuable.