Industry trends : Automotive. November 2024

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<subTitle>: Automotive. November 2024</subTitle>
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<dateIssued>2024</dateIssued>
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<abstract displayLabel="Summary">The global automotive industry expects modest growth of 2.1% in 2025, driven by looser monetary policies and a gradual recovery in consumer spending. However, tariffs imposed by the incoming U.S. administration pose a downside risk. In the U.S., auto production and sales have declined, with expected growth of 0.8% in 2025. U.S. electric vehicle (EV) sales are below expectations, with an expected growth of 9.5% in 2024

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