"In the vast majority of the world's auto markets, people tend to prefer larger vehicles, opting for big luxury sedans and SUVs as they move up the economic ladder."
"The new car market has abandoned young and less-wealthy buyers, focusing instead on catering to an ever-richer sect of the public."
"People tell me all of the time that they want cheap EVs, yet those same people want all-wheel-drive, 300 miles of range, and all of the tech features that they've ever seen advertised online."
The preference for large vehicles is not unique to American buyers, as many global markets favor bigger cars. However, the U.S. market has limited options for smaller, affordable vehicles, particularly in the electric vehicle segment. The Kia EV2, priced at $26,600 in Europe, exemplifies this issue, as it will not be available in the U.S. Despite demand for cheaper EVs, American consumers often seek features like all-wheel drive and extended range, which complicates the availability of budget-friendly options.
Read at insideevs.com
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