Top 18 Automotive Industry Innovations and Trends

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1. Acceleration in Electric Vehicle Sales

The global shift towards electric vehicles (EVs) has been the top-ranking trend in the automotive industry worldwide. According to research by RMI, global EV sales in Northern Europe and China will increase at least sixfold by 2030. China is on track to achieve 90% EV sales by 2030, with an increasing number of markets following similar growth trajectories to reach up to 80% by 2030. China sold more EVs last year than the rest of the world combined and projections indicate that 55% of all cars sold in Europe will be fully electric by 2030. Countries that adopted EVs later, such as India and Israel, are now accelerating their deployment at rates faster than the global average and are catching up with leaders like China. Major automakers are committing to producing only electric cars in the near future.

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