How Small Cheap Cars Can Save The Automotive Industry

HotCars

By Henry Kelsall

Published Aug 23, 2023

Cars are getting bigger and pricier, but small and cheap cars could be what the industry needs in a world of tightening emissions and rising costs.

via Mitsubishi

The demise of small and cheap cars like the Mitsubishi Mirage is a negative development for the automotive industry, as it limits options for budget-conscious consumers and entry-level buyers.
Smaller and more affordable cars, especially electric EVs with fuel-efficient engines, could help alleviate concerns with stricter EPA standards and offer a more enticing alternative to expensive SUVs and luxury vehicles.
The rising average prices of vehicles, along with evolving credit markets and consumer demand for larger and more luxurious vehicles, are contributing to the lack of focus on smaller cars by automakers. However, the industry has the potential to save itself by producing small, efficient, and affordable vehicles that meet tightening emission standards.

Create your free account