Automotive Update New Cars for 2024 & Beyond
Published 05 December 2023
Car sales have rebounded in 2023, as the production capacity of the automotive industry returned to normal after the disruption of the pandemic. So what’s next? Carmakers are ramping up their electric vehicle launches in 2024, a process that will continue in the lead-up to 2030, resulting in an abundance of new models ranging from affordable and family-friendly to hyper-luxe and sporty.
Affordable, Family-Friendly EVs
Sustainable SUVs
Luxury-Level Progress
Fast, Furious – & Silent
The substantial cost of batteries (the most expensive component in an electric car) has pitched most EVs at the upper end of the car market – until now. As automakers ramp up EV production, battery costs are falling, with downward price pressure continuing to be exerted by Chinese carmakers expanding their exports. Consequently, new models are emerging that are priced to entice families to go electric.
The substantial cost of batteries (the most expensive component in an electric car) has pitched most EVs at the upper end of the car market – until now. As automakers ramp up EV production, battery costs are falling, with downward price pressure continuing to be exerted by Chinese carmakers expanding their exports. Consequently, new models are emerging that are priced to entice families to go electric.
Summary
Affordable, Family-Friendly EVs | The substantial cost of batteries (the most expensive component in an electric car) has pitched most EVs at the upper end of the car market – until now. As automakers ramp up EV production, battery costs are falling, with downward price pressure continuing to be exerted by Chinese carmakers expanding their exports. Consequently, new models are emerging that are priced to entice families to go electric. |
Sustainable SUVs | For decades, environmental campaigners have decried the growth in sales of gas-guzzling, CO2-emitting 4x4s. But now that SUV-shaped cars are becoming electrified, there’s no holding back on carmakers introducing more models of different sizes that look like tough off-roaders. We expect to see plenty of high-riding electric cars driving into 2024 and beyond. |
Luxury-Level Progress | The luxury end of the car market looks set to expand even further in 2024, as manufacturers pack premium models with high levels of performance, comfort and convenience, combined with cutting-edge technology, powered by the Internet of Things (IoT) and real-time information. Luxury carmakers are the ones developing the latest smart mobility technologies, such as retina recognition, autonomous driving and voice assistance. |
Fast, Furious – & Silent | While carmakers are focusing on making EVs more accessible to mass-market consumers, they’re not overlooking the enthusiast market. Performance variants of production cars have a strong tradition in the car industry; muscle cars, hot hatches and other re-engineered models have always had a strong appeal to a fanbase previously known as petrol- or gearheads. And despite EVs using neither petrol nor gears, carmakers and specialist manufacturers are unveiling high-performance modifications. |
Automotive Update New Cars for 2024 & Beyond
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