With technological advancements and growing environmental awareness, the global automotive market is undergoing a profound transformation. The demand for electric vehicles (EVs) and smart cars continues to rise. In 2024, global EV sales are expected to exceed 12 million units, accounting for approximately 10% of total global car sales. As battery technology advances and charging infrastructure improves, the market share of EVs continues to expand. By 2030, electric vehicles are projected to account for over 50% of global car sales.
Besides electrification, smart technology has become a crucial direction for the automotive industry. In-car intelligent systems, autonomous driving technology, and advanced driver assistance systems (ADAS) are entering the mainstream market, enhancing the driving experience for consumers. In the coming years, the market for smart vehicle systems is expected to grow by 50%, with autonomous driving and intelligent navigation systems taking the lead.
According to the International Organization of Motor Vehicle Manufacturers (OICA), the EV market will further mature in 2024, with continued growth in sales. China and Europe remain the largest EV markets globally, while the U.S. market is catching up quickly. With increasing policy support and growing consumer demand for environmentally friendly vehicles, EVs are set to become the dominant mode of transportation worldwide.
