Auto Service World
News   April 7, 2024   by Auto Service World Staff

What to Expect in the World of Automobiles in 2024


Technology and digitalization have revolutionized various aspects of human lives. The world is seeing a great shift across all spaces, from entertainment to education and retail. For instance, reputable gambling platforms like https://www.slotozilla.com/on/ have shown the world how easy it is to shift even some of the oldest entertainment to the online landscape. Following consumer needs and changes to people’s overall lifestyles, the automotive industry is also improving like every other sector.

The first steam-powered automobile was invented in the late 19th century. This machine, which was basic and had many deficiencies compared to today’s innovations, opens the door for future growth. Since then, the industry has grown in leaps and bounds to be a force to be reckoned with today. These mechanical marvels have revolutionized transportation, reshaped economies, and changed societal norms.

2024 Expectations in the World of Automobiles

In 2024, the globe is ushering in new and staggering changes in the automotive world. The past few years have laid the foundation for most of these changes, and they will only grow or become more defined in 2024.

Essentially, the world knows what to expect regarding some of these new trends, but they do not have a clear vision of how they will play out. As such, this article will simplify things and paint bigger pictures with bolder colours. Let’s get right into it.

The Growth of EVs

EVs are gradually becoming mainstream choices among car users. Government regulations like the Zero Emissions Vehicle (ZEV) mandate push this drive so well that we may see a 22% increase in its adoption during the year.

Research has even shown that the EV market will reach a staggering $623.3 Billion in 2024 while demonstrating a CAGR of 9.82% from 2024 to 2028. This growth will make electric vehicles more renowned. Also, hybrid vehicles will increase, ensuring the continuity of the sustainability goals without the current restraint electric vehicles face.

Progress in Autonomous Vehicles

Autonomous vehicles are a dream come true in the automotive landscape. Inching closer to realization and going mainstream, 2024 will see a better advancement in Advanced Driver Assistance Systems (ADAS).

Features like adaptive cruise control, lane departure warning, and automatic emergency braking are becoming more defined. There will be more trials for autonomous vehicles in controlled environments, which will soon pave the way for their commercialization.

Furthermore, there will be relaxation and further considerations regarding regulations for autonomous vehicles. This will help lessen the complex legal and ethical implications regarding them at the moment. Policymakers will work closely with automotive stakeholders to establish guidelines and safety standards for autonomous vehicles’ deployment.

Adoption of Connected Car Technology

Connected car technology is another change driving the automotive industry, and it is expected to witness more growth in 2024. Featuring a wide range of features and services that leverage the internet and wireless connectivity, connected car technology enhances the vehicle’s occupants’ safety, convenience and entertainment.

The 2024 connected car technology landscape opens the door for personalized experiences and seamless connectivity for in-car entertainment. Also, telematics continually evolves, enabling car owners and manufacturers to access vehicle health data in real time. Furthermore, car-to-infrastructure communication will become more common in 2024, facilitating traffic flow and enhancing overall driving efficiency.

The table below gives an overview of connected car technologies, what they do, and their current adoption rates.

TechnologyDescriptionAdoption rate

(%)

TelematicsRemote diagnostics, vehicle tracking, and fleet management65
InfotainmentIn-car entertainment, navigation, and communication systems70
Advanced Driver Assistance Systems (ADAS)Collision avoidance, lane departure warning, adaptive cruise control55
Vehicle-to-Vehicle (V2V) CommunicationExchange of data between vehicles for safety and traffic management40
Vehicle-to-Infrastructure (V2I) CommunicationCommunication between vehicles and roadside infrastructure for traffic management and navigation35

Rise of Online Car Shopping Platforms

Driven by consumers’ behaviours and preferences, online car sales will surge in 2024 to a new height. Consumers can now use digital tools to get their choice vehicles without leaving their comfort zones. Advances in AI algorithms are also simplifying and enhancing these purchasing processes. For instance, AR and ML can help make vehicle shopping processes more realistic, personalized and engaging.

This innovation reduces the time taken in vehicle purchases, removes the hassle of showroom visits, and enables people to access a broader catalogue without geographical constraints.

Although online car shopping platforms have been around for a while, here are some features that will better define the sector:

  • Full Virtual Purchases: People can now complete a vehicle purchase online from start to finish
  • Virtual Reality Test Drives: The development in virtual reality is becoming more defined, enabling people to test-drive their intended vehicles right from home
  • Delivery Services: 2024 is coming with a possible increase in car home delivery options.
  • Transparency: Car sale platforms will offer better transparency for their virtual sales in 2024, including in their pricing, fees, and car features.

The Rise of Mobility as a Service (MaaS)

There is a shift toward temporary car ownership among the younger millennials and Gen Zs. Not wanting to be saddled with the responsibilities of owning a car, including maintenance, they opt for other options like car sharing and leasing. As such, MaaS is growing as an on-demand transportation option. This development also encourages sustainability while providing cost-effective and flexible car ownership solutions.

Conclusion

2024 is coming with revolutionary changes in the automotive industry. From sustainability to technological advancements and digitalization, there are many causes, with consumers’ preferences taking the lead. The economy will also benefit, as these innovations come with revenue growth and job creation.