Automakers are now motivated to create lightweight vehicles due to the increasing challenges of reducing greenhouse gas emissions and improving fuel economy. Better recyclability and/or vehicle performance may also result from the weight reduction. The expansion and use of lightweight, high-performance resources as substitutes for traditional motorized materials like steel and cast iron is one successful tactic. This paper discusses vehicle lightweighting as a means of promoting better fuel economy and assisting the automotive industry in achieving sustainability. Innovative resources suitable for the constructing of next generation vehicles were reviewed. Advanced high-strength steel (AHSS), aluminum alloys, magnesium alloys, Titanium, polymers, and composite materials frequently utilized for lightweight construction applications were among the cutting-edge materials for the production lightweight vehicles. Categorization, manufacturing methods, physical/mechanical characteristics, and possible uses of lightweight ingredients are investigated. A summary of the reviewed materials’ benefits and limitations is provided, along with the suitable application scenarios for various lightweight materials.