The automotive industry is experiencing a shift in gears in the face of evolving consumer expectations and attitudes and developing economic headwinds and tailwinds – from affordability to an emerging subset of buyers.
Whether it’s finding the right balance between digital retailing and physical interactions, navigating uncertain consumer demand, or normalizing EVs, the industry is prepared for what’s next – more agile, innovative, and dynamic than ever before.
For more information, please contact Megan Ryan.
By 2030, it is predicted electric vehicle sales in the U.S. will reach 30-50% of new vehicle sales
By 2035, 37% of new passenger cars sold are expected to have advanced autonomous driving technologies if announced timelines stay on track
Sources:
The White House, April 2023 – 50%, U.S. Bureau of Labor Statistics, February 2023 – 40%, Guidehouse Insights, March 2023 – 30%): First Statistic
McKinsey 2023 Report: Second Statistic
