Reading the latest issue of Motor, the Danish Motorist Associations (FDM) magazine, I was stunned by how crazy the market for used electric cars has evolved in Denmark recently. It's a classic catch-up effect development when
) magazine, I was stunned by how crazy the market for used electric cars has evolved in Denmark recently. It’s a classic catch-up effect development when a market gets disrupted by a new technology. In this case EVs, and in particular EVs with enough range and charging rates to make people forget about the range anxieties of the good old days with the 1st generation Nissan Leaf and BMW i3.
Why is the EV market so skewed toward used cars in Denmark? I believe it’s the perfect storm of 3 factors: In Germany , it is legal to export an EV after only 6 months, even with a profit, because it was heavily incentivized upon purchased as new, still making most models much cheaper than equivalent used domestic models.
In a world of much too low EV production capacity, the demand in a small country like Denmark will sooner be saturated with all the used EV leftovers in Europe, and this will likely mean that the transition will happen much faster than anticipated.
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