You’re ready to ring in the new year with a new ride. You’re in good company, too, according to the latest auto industry update.
Research shows that 74 million to 78 million brand-new vehicles get sold each year globally.
Before you buy a car at a trusted dealership, like Freedom, it may be helpful to learn what the future of the auto industry looks like in the next couple of years based on the latest auto industry update.
Here’s a rundown on three important auto industry trends to look out for from 2023 to 2025 before you purchase from Freedom.
Let’s dig in!
1. Auto Industry Trends Include EV Adoption
One of the top auto industry trends is the shift toward electric vehicles, or EVs, worldwide.
Regulatory requirements and a push for going “green” are responsible for much of the expected growth in EVs. For instance, many countries, including the United States, are pushing for net-zero greenhouse gas emissions by the year 2050.
Monthly EV sales in 2022 were triple the number four years prior. In light of this, it is anticipated that America will have half a million new EV chargers by the year 2030 to accommodate this demand.
2. Latest Auto Industry Update Points to AVs
Autonomous vehicles, or AVs, will also likely disrupt the automobile industry within the next couple of years. These vehicles are designed to control their own movements without a driver’s intervention.
Many large automakers, such as Ford, have entered the AV space. About eight million cars — or 8.5% of cars sold — in 2025 are expected to be level-three AV cars. That means they will be able to monitor their surroundings, so the driver doesn’t have to do this.
3. Connected Cars on the Horizon
Finally, vehicles are expected to become more connected in 2023 to 2025 thanks to IoT and 5G. The market for these cars is expected to grow from almost $60 billion to more than $191 billion — an 18% increase — from 2021 to 2028.
Connected cars are essentially “connected” through the internet and feature mobile technology. This means you can easily access entertainment/infotainment services while driving.
With connected cars, you should also be able to take advantage of advanced-level safety features and navigation system capabilities through a third-party app.
5G’s introduction should improve the reliability and speed of these vehicles’ internet connection, as it is significantly quicker than 4G is.
These cars for sale can gather data from their surroundings and even communicate with software systems.
Purchase from Freedom, Your Trusted Dealership
Based on the latest auto industry update, the top auto industry trends for 2023 to 2025 include a growing demand for both electric vehicles and autonomous vehicles. You can also expect cars to be more connected than ever in the near future.
Fortunately, at Freedom, your trusted dealership in Duncanville, TX, we stay on top of the United States’ auto trends to bring to you the latest vehicles. We have several hundred new cars in stock at a given moment.
Get in touch with us to learn more about our vehicles, and purchase from Freedom today!
