Even economical ICE sedans are dying, no more Honda Fit, Toyota Yaris, Mitsubishi Mirage, Nissan Accord or Nissan Versa.
This is partially the fault of an ill advised regulatory change in the Obama era, where the fuel economy standards became flexible based on vehicle wheelbase size, so that the smallest cars became difficult to actually fit into stricter fuel economy standards. It perversely incentivized bigger and bigger vehicles, so that the smallest cars and smallest trucks fell out of favor.
It didn’t apply to EVs, and that fuel economy standard was repealed entirely, so maybe small vehicles can come back. But it’ll take a while to undo the damage that the last decade or so has done to the market for small cars and small trucks in the US.
It perversely incentivized bigger and bigger vehicles, so that the smallest cars and smallest trucks fell out of favor.
This was because the US government bailed out Detroit with huge loans in 2008 and had to insure they could get that money back. He also took 677,000 cars off roads in cash for clunkers, to torpedo the used car market and force people to buy that Detroit shit.
This is partially the fault of an ill advised regulatory change in the Obama era, where the fuel economy standards became flexible based on vehicle wheelbase size, so that the smallest cars became difficult to actually fit into stricter fuel economy standards. It perversely incentivized bigger and bigger vehicles, so that the smallest cars and smallest trucks fell out of favor.
It didn’t apply to EVs, and that fuel economy standard was repealed entirely, so maybe small vehicles can come back. But it’ll take a while to undo the damage that the last decade or so has done to the market for small cars and small trucks in the US.
I sometimes feel like the entire capitalist economy, and not just in the USA, is running on perverse incentives.
This was because the US government bailed out Detroit with huge loans in 2008 and had to insure they could get that money back. He also took 677,000 cars off roads in cash for clunkers, to torpedo the used car market and force people to buy that Detroit shit.