Driving Forward: Key Automotive Industry Trends in 2024
1. Accelerated Electric Vehicle (EV) Adoption The global shift towards electric vehicles continues to gain momentum. In 2023, global light-duty EV sales exceeded 10.5 million units, marking a 55% year-on-year growth. This surge is driven by technological advancements, environmental concerns, and supportive government policies. However, regional adoption rates vary, influenced by factors such as infrastructure…
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