A 2019 report carried out by Frontier Economics on behalf of the Environmental Defense Fund found that wealthy people were still buying EVs at higher rates than those on lower incomes, and that half of all ultra-low emission vehicles were owned by households in the richest two income deciles, compared to only a quarter for internal combustion engines (ICE). Meanwhile, households in the lowest two income deciles made up just 4% of ULEV owners, but over 10% of ICE vehicle owners. There are a number of reasons behind this, with the upfront cost of an EV – which is higher than an ICE equivalent despite lower lifetime costs – a key factor, although it will likely change as prices continue to fall. A second factor is that many lower income households, particularly in urban areas, do not have access to off street parking via driveways, meaning they are unable to install a private chargepoint. This either results in them having to rely on more expensive public rapid charging, or being left out of the transition completely.
Current 14th June 2021 read more »
The rush to ‘go electric’ comes with a hidden cost: destructive lithium mining. As the world moves towards electric cars and renewable grids, demand for lithium is wreaking havoc in northern Chile.
Guardian 14th June 2021 read more »