With new vehicle inventories stabilizing and pent-up demand fading, the automotive industry may return to normal in 2024 as it emerges from a tumultuous, pandemic-induced haze. But that doesn’t mean it will be a quiet year.
Economic headwinds, a lack of charging infrastructure, and a confusing web of federal policies and regulations also threaten to slow new car sales and electric vehicle adoption. As demand softens, automakers are curbing their production plans despite an initial EV manufacturing rush.
At the same time, General Motors, Ford Motor Co., Stellantis and other automakers continue to deal with the fallout of the Big Three’s deal with the United Auto Workers union, which will loom large as new EV battery plants come online. The industry is also continuing its push to move supply chains away from China.
Automotive Dive dug deep into these trends as part of its annual industry outlook package. Read the stories below to learn more about the year ahead.