Are Safety Features Pushing New Cars Out of Reach?
The US Senate Committee on Commerce, Science, and Transportation will meet in January to discuss the rising cost of new cars. With prices soaring from $20,356 in 2000 to over $50,000 today, many families are left wondering if safety technology is making vehicles too expensive.Key TakeawaysNew cars have become significantly more expensive over the past two decades.Safety tech and environmental regulations contribute to higher prices.The Senate committee will examine affordability issues, focusing on government-mandated technologies.In 2000, a new car cost around $20,356. Today, the average price has skyrocketed to over $50,000. Adjusting for inflation, this represents a significant increase that leaves many buyers opting for used cars instead.Senator Ted Cruz argues that government-mandated...