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Sick of skyrocketing car prices? This tiny, cute EV costs just $13,995—but there’s a catch

Fiat says the micro-EV offers 46 miles of range and a 19 mph top speed for short-distance travel.

Summary by Fast Company
It’s hard to find someone who doesn’t think automobile prices are getting out of control. Ever since the pandemic, the prices of both new and used cars have been skyrocketing, with American consumers’ total auto debt surging to $1.68 trillion at the end of 2025—up 37% since 2018. According to Kelley Blue Book, the average price of a new car in May was just over $49,000. CarGurus’ data shows that the average price for a used car is now topping ou…

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Fast Company broke the news in New York, United States on Wednesday, July 8, 2026.
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