How do electric vehicles impact the automotive industry in 2024?.

Electric vehicles (EVs) are reshaping the automotive industry in 2024. The adoption of EVs is accelerating due to advancements in battery technology, government incentives, and rising environmental awareness. Automakers are increasingly investing in electric models, transitioning away from traditional gasoline engines to meet consumer demand and regulatory standards. As a result, the automotive landscape is seeing a surge in electric vehicle sales, new charging infrastructure development, and a shift in manufacturing practices.