Bubble burst? Global new car sales to slow but electric car market share to grow in 2024: Moody's

AutoExec Summary
According to Moody’s Investors Service, the global share of electric cars in the new-car market is expected to continue growing, despite slowing sales in some regions. The report predicts that total global new-car sales in 2024 will exceed the 89.8 million recorded in 2023, but by a smaller margin than the 10.8 per cent growth seen in 2023. The report also outlines the increase of new-car sales in 2023 compared to previous years, with the expectation of continued growth in the new EV share in the global market.

Brands mentioned: Ford, Toyota, Tesla, MG, Hyundai, FCAI