There is one question that continues to perplex me regarding any transformation of the auto industry as we know it: What are we going to do with the existing fleet of automobiles currently functioning as America’s primary source of transportation?
Traditionally, consumers have viewed their used vehicles as down payments on a newer model, but if we switch to an alternative method of powering our cars, the value of our existing fleet will become somewhere around zero.
How will the average citizen afford the new generation of automobiles? And how do we deal with the old fleet in a market where recycling has become unprofitable?
It seems to me that we are missing the boat on the possibility of retrofitting our existing automobiles to extend their usefulness as more efficient, greener transportation.