In 2024, the electric vehicle market is expected to expand significantly, with projections of 10 million EVs sold globally, marking a 35% increase from 2023
Governments worldwide are pushing for sustainability, with countries like Norway aiming for all new cars to be zero-emission by 2025, boosting EV adoption
Companies like Tesla and Waymo are enhancing their self-driving capabilities, planning to launch fully autonomous vehicles by the end of 2024
Vehicle connectivity is on the rise, with an estimated 75% of new cars equipped with advanced telematics systems, enabling real-time data sharing and smart features
Sustainable materials are becoming essential in automotive production. Brands like Ford are committing to using recycled materials in 20% of their vehicle components by 2025