Ever wonder why with gas prices so high that you can’t find new Hyundai Accents, Honda Fits, Toyota Yaris’s or Ford Focus’s? I’ve read that although there is demand for cheap, small, fuel efficient ICE cars, automakers have been removing them from the North American market because they make very little money on them. By concentrating on EVs, pick-ups, SUV’s, hybrids and performance cars, they can charge premium amounts and maximize profits. Now, the cheapest new ICE car is a compact crossover SUV that starts at $25-30,000, that doesn’t come close to the mileage of an Accent or similar.
So much for supply and demand…