From Model T to Model Three

Financial Nigeria Magazine - - Economics And Monetary Policy -

With much lower main­te­nance and fuel costs, elec­tric ve­hi­cles could dis­place a siz­able num­ber of mo­tor ve­hi­cles. Note: The price of Ford Model T over 1909-1927 has been nor­mal­ized by the ra­tio of nom­i­nal GDP per cap­i­tal in those years to that in 2015, in­di­cat­ing a mea­sure of af­ford­abil­ity. Source: Cherif, Reda, Fuad Hasanov, and Aditya pande, 2017, “Rid­ing the En­ergy Tran­si­tion: Oil beyond 20140”

IMF Work­ing Pa­per 17/120.

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