Overview of the EV market in 2024 and future outlook

Advances in autonomous driving technology and the development of charging infrastructure will make travel much safer and more convenient than ever before.

Since the launch of the Toyota Prius, a so-called "HV (Hybrid Vehicle)" equipped with two power sources, an engine and a motor, the electric vehicle market has grown rapidly.

It is predicted that approximately 17 million units will be sold worldwide in 2024. This represents more than 20% of new car sales worldwide.

China, Europe, and the United States are the major markets, and the share of electric vehicles in each market is expected to reach 45%, 25%, and 11%.

As a result, the expansion of charging infrastructure has become an important issue, but technological advances such as high-power charging with built-in cooling systems, solar charging, and wireless charging are making EV charging faster and more efficient.

In addition, digitalization is progressing, with EVs linking with smartphones and other devices to provide real-time traffic and weather information.

The fusion of mobility and other things seems to be starting to be seen in various places. This will make the driving experience more convenient and interactive.