In 2024, the global automotive industry will experience unprecedented growth in market valuations, driven by significant advancements in electric vehicle technology.
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Tesla leads the charge with its innovative electric cars, while Toyota continues to dominate with its hybrid technology.
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The sector, worth over $2.7 trillion and projected to reach $3.6 trillion by 2031, faces challenges such as supply chain disruptions and economic uncertainties, yet the top car companies have shown resilience.
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