Auto Industry Trends 2024. From the rise of electric vehicles (evs) to. The global automotive industry is on the cusp of a $660b revenue opportunity, as it shifts its focus away from internal combustion engine (ice) vehicles to electric vehicles (evs), according to new ey.

“the automotive industry will face another subdued year in 2024,” states the economist group. A road map for coping with macroeconomic headwinds.