Many Americans continue to rack up debt, including by taking on car loans they can't afford. Nationwide, auto loan debt reached nearly $1.6 trillion in the third quarter of 2023, a $71 billion.
Every country has different manufacturing and safety regulations it imposes on items it produces, and on what it imports. In the United States, foreign cars older than 25 years are exempt from certain.
The U.S. has been slower to switch to electric vehicles than many other countries, partly due to the twin hurdles of cost and infrastructure. While still priced out of the range of many car buyers,.
The U.S. electric vehicle market is steadily growing, and the federal government hopes to have 50% of all new vehicle sales be electric by 2030. New EVs are generally pricier than gas-only vehicles.
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