In 2024, the global automotive industry will experience unprecedented growth in market valuations, driven by significant advancements in electric vehicle technology.
Tesla leads the charge with its innovative electric cars, while Toyota continues to dominate with its hybrid technology.
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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