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

There are always going to be poor people who will lag behind in buying new vehicles who will own the old cars. There are plenty of people out there who have probably never owned a car with less than 100,000 miles on it and already leaking oil.