The automotive industry has faced rapid changes in its operations in the modern world. The auto industry in 2023 is expected to be shaped by factors like increased integration of digital technology, the emergence of fuel cell electric vehicles (EVs), and self-driving vehicles.
Automobile manufacturers are moving increasingly towards clean energy and sustainable technologies. In the first half of 2022, global EV sales were up 62% year-over-year. Moreover, the global EV market is expected to surpass $980 billion by 2028, growing at a CAGR of 24.5% between 2022 to 2028.
