Future of the US Automotive Industry Market
The Future of the US Automotive Industry Market is poised for strong growth between 2025 and 2030, driven by electrification, digital transformation, and evolving consumer mobility preferences. According to insights from MarkNtel Advisors , the U.S. automotive industry, valued at over USD 1.2 trillion in 2024 , is expected to reach USD 1.6 trillion by 2030 , growing at a steady CAGR of about 2.1% . Key Drivers Shaping the Market Electrification and Hybrid Adoption Electric vehicles (EVs) and hybrids are reshaping the landscape. With government incentives, environmental regulations, and expanding charging infrastructure, EV penetration is expected to accelerate significantly through 2030. Technology Integration The adoption of AI, IoT, and Advanced Driver Assistance Systems (ADAS) is transforming cars into connected, intelligent machines. Automakers are integrating software-driven solutions for predictive maintenance, enhanced safety, and cloud-based mobility services....