Joe Seneca, a professor at the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, agrees that stagnant salaries have contributed to the problem. He also said in recent years “a lot of the re-employment after the Great Recession has been in lower paying positions.”
The Biggest Barrier to a Vibrant Second-Hand EV Market? Price
New policies and broader subsides are needed to help lower-income buyers afford used electric vehicles, according to a Rutgers study As early adopters of electric vehicles (EVs) trade up for the latest models, the used EV market is beginning to mature in the United...