Another tiny electric city car is on its way to Israel and it also does not require a mortgage: the price of the YOYO from the Hong Kong XEV company, which is imported by Ayalon Motors, is NIS 70,000. At the same time, Small Ant, a small electric city car from Chery, whose cars are already imported to Israel by Frisbee, is also on its way to Israel, and other tiny city cars are on the way to make an ascent, such as Microlino which will be imported through the carrier division of Champion Motors. What is the sudden rush for tiny trams? First, traffic jams and parking difficulties. The small XEV car for example takes up a little more than half the parking space of a Tesla 3. Second, their price is very low compared to larger cars. In recent years, the prices of new cars in Israel have risen drastically, and to be the owner of a basic Chinese electric car you have to spend amounts that start at NIS 135,000.
Quadricycle cars are not new in Israel, they have been imported since 2016, but so far there has not been an onslaught because “regular” cars were cheaper and the used industry was thriving. Now, with the changing market conditions, they may enjoy a boom.