What to Expect from the Car Industry in 2024

The car industry in 2024 will be shaped by major trends like the rise of EVs, with over 100 new models coming to market.

By Murray Halvorson
Sep 12, 2023
10 Minutes
What to Expect from the Car Industry in 2024

The car industry is constantly evolving, with new technologies and trends shaping the way we drive. As we look ahead to 2024, there are several major shifts on the horizon that will transform our vehicles and driving experiences.

Electric Vehicles Take Center Stage

One of the biggest trends is the rapid rise of electric vehicles (EVs). As concerns around climate change grow, more and more automakers are committing to transitioning their fleets to electric. 2024 is expected to be a landmark year for EVs, with over 100 new fully electric models anticipated to launch.

Legacy automakers like Ford, GM, BMW and Mercedes-Benz plan to release electric versions of their most popular models. Furthermore, EV startups like Rivian, Lucid Motors and Fisker are slated to begin production on new electric SUVs and sedans with cutting-edge designs.

With improving battery technology allowing for more range, better charging infrastructure, and lowering costs, EVs are poised to dominate the market in 2024. We can expect continued innovation in battery chemistries, charging speeds, and efficiency to make EVs more accessible and practical.

The Growth of Autonomous Driving

While fully autonomous cars are still years away, 2024 is expected to see great leaps in driver assist and self-driving technology. Car companies and tech firms will continue refining sensors, AI-powered software, and navigation tools to expand the capabilities of vehicles to drive themselves in limited conditions.

In 2024, we’ll see more vehicles with advanced driver aids that can automatically control steering, braking and acceleration in highway driving. This will allow for greater safety and convenience through features like adaptive cruise control, lane centering, and automatic emergency braking.

Further testing of autonomous taxi services in cities by companies like Waymo will pave the way for fully self-driving transport in the future.

Connectivity and Infotainment Advancements

The in-car experience will become more immersive and integrated as vehicles adopt the latest in connectivity and infotainment. With 5G connectivity going mainstream, cars will leverage faster internet speeds and greater bandwidth for advanced cloud-based features.

Entertainment will be taken to the next level with high-definition touchscreen displays, integrated apps and services, and high-quality audio systems. Navigation will feature live traffic data, parking assistance, and points of interest. Convenient controls through voice commands or smartphones will customize your connected experience.

These enhancements will allow vehicles to seamlessly integrate into the rest of our connected digital lives in 2024 and beyond.

Sustainability Becomes Critical

There will be increased focus across the industry on improving sustainability as climate change impacts intensify worldwide. Automakers will work to make manufacturing and business operations carbon neutral through renewable energy, reduced emissions, and efficient practices.

At the same time, vehicles will adopt more eco-friendly designs and materials to reduce their carbon footprints. Features like regenerative braking, low rolling resistance tires, and lighter bodies help optimize energy usage. Streamlined aerodynamics and fuel-efficiency innovations will continue advancing.

This groundwork in 2024 will lead automakers toward more environmentally-conscious and carbon-neutral vehicles.

The car industry in 2024 will emphasize smart, connected, and sustainable transportation. As technology evolves at breakneck speed, the landscape will keep adapting to build the future of driving. It is certainly going to be an exciting time for car enthusiasts!