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The solution to America’s car affordability crisis could be China.
Clifford Wilson, an economist who specializes in transportation and microeconomic policy, writes in the New York Times about the death of the “econobox,” cheap, reliable vehicles that helped working people get around. Detroit stopped making these vehicles about 20 years ago, but Wilson thinks a possible solution is to open the floodgates to inexpensive EVs and hybrids from China. With lots of caveats, of course.
Opinion | The Affordable Car Is Dead. What Happened?
[New York Times]
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