2024 Auto Trends Series

As the automotive industry continues its rapid evolution, we find ourselves at the cusp of groundbreaking developments and related changes to decades-old law and standards. Even in the face of adversity, the shift towards electric and autonomous vehicles marches forward, while new challenges and opportunities emerge in the realms of connectivity, sustainability, and smart mobility solutions. The industry landscape is being reshaped by technological advancements, changing consumer preferences, and global regulatory pressures. Legacy players and new entrants alike are grappling with the challenges and opportunities presented by this transformation.

While innovation drives the sector forward, persistent challenges remain. Supply chain uncertainties, geopolitical tensions, and economic hurdles continue to test the resilience of automotive companies. The automotive industry’s characteristic volatility — exacerbated by tight profit margins and buyer-friendly contractual terms — compounds these issues, making strategic planning more critical than ever.

To support industry stakeholders through these dynamic times, Foley & Lardner is excited to present the 2024 installment of our Auto Trends series — A Year in Review: Updates, Trends, and the Road Ahead. In this series, we offer insights and analysis tailored to help you navigate this shifting landscape, and delve deep into the transformative forces shaping the automotive world, including:

• The U.S.’s heightened scrutiny on eliminating forced labor from the supply chain;
• What to expect under the administration of Mexico’s new president;
• The shifting regulatory, political, and market landscape of EVs;
• Implications of artificial intelligence in the automotive industry;
• Developing law regarding the enforceability of requirements contracts;
• Predictions on what will drive NHTSA in 2025;
• The state of financial distress in automotive; and
• Updates and tips for navigating global trade regulations.

Subscribe to the Auto Trends 2024 Series

For a recap of the past year’s developments and discussion of ongoing trends, we invite you to subscribe to this Auto Trends 2024 Series by clicking here.