2024: A Year of Turbulence in EVs and Robotaxi Innovations

2024: A Year of Turbulence in EVs and Robotaxi Innovations
The transportation sector faced significant upheaval in 2024, highlighted by legacy automakers like GM and Jaguar altering their strategies amid shifting consumer demands. GM halted funding for its Cruise robotaxi program, redirecting efforts towards advanced driver assistance systems. Startups in the autonomous vehicle space, such as TuSimple, pivoted to AI gaming, while others struggled to survive. The electric vehicle market saw record sales, yet concerns arose over sustainability and profitability as hybrid models gained traction. Meanwhile, eVTOL companies like Joby and Archer made strides towards commercial air taxi launches despite challenges in funding.