2024 was a big year for electric vehicles. Sales are rising, battery prices are dropping, and the sales forecasts are rising, thanks to huge sales in China, South Korea and North America. On the flip side, legacy automakers are backing away from their EV targets, and the U.S. election is sending a president with a litany of complaints about clean cars back to the White House.
With 2024 behind us, here are 10 key trends that helped shape the EV space during the past year — and could pave the industry’s way going forward.
Tesla shifts lanes. From the cancellation of a $25,000 car to the turn toward autonomous robo-taxis and artificial intelligence, the world’s biggest manufacturer of battery-powered cars has been making waves with its abrupt shifts in direction. Tesla’s actions often influence investors and outside stakeholders, so moving away from their goal of cheaper vehicles is a big deal, especially because most Teslas remain out of r