Reported about 1 year ago
Cox Automotive executive analyst Erin Keating discusses the auto industry's strong performance in 2024, despite economic uncertainty. Keating notes a decline in the electric vehicle (EV) market, largely due to Tesla losing market share. However, she highlights a normalization of the market as more automakers shift to EV production. Keating foresees increased consolidation and collaboration in the automotive industry as it adapts to changing dynamics, emphasizing a gradual transition towards an electrified future amidst a more competitive landscape.
Source: YAHOO