The trends that shaped EVs, robotaxis, and electric flight in 2024

2024 saw major shifts in EVs, robotaxis, and eVTOLs, with companies pivoting due to market and political changes.

: In 2024, the transportation sector experienced 'business whiplash' as automakers and startups made significant strategic changes. Legacy automakers like GM revised their EV strategies, while startups such as Rivian faced financial challenges but achieved milestones. The autonomous vehicle sector saw companies like Waymo persevere, despite setbacks for others like TuSimple. Electric flight continued to attract investment, but some eVTOL startups struggled with funding.

In 2024, the transportation industry was characterized by 'business whiplash,' with traditional automakers and startups making strategic pivots. GM altered its EV plans and discontinued support for Cruise robotaxis, reflecting a wider adjustment to shifting consumer demand and political climates.

The autonomous vehicle sector saw some companies like Waymo and Zoox continue pushing toward commercial robotaxi services, while others like TuSimple shifted away from autonomy. The EV landscape experienced turmoil, with companies like Rivian achieving significant milestones amidst legal challenges, while startups like Fisker faced financial difficulties.

Electric flight continued to garner investment interest, with eVTOL companies like Joby Aviation and Archer Aviation planning commercial launches by 2025. However, not all were successful, as evidenced by Lilium's bankruptcy. Meanwhile, micromobility struggled with market consolidation, although some startups like Joco managed profitability.