The Automotive Industry encompasses the design, development, manufacturing, marketing, and selling of motor vehicles. It plays a crucial role in the global economy, providing millions of jobs and contributing significantly to GDP in many countries. Major players in this industry include companies like Toyota, Ford, and Volkswagen.
In recent years, the industry has seen a shift towards electric vehicles (EVs), driven by environmental concerns and advancements in technology. This transition is reshaping the market, with companies investing heavily in battery technology and sustainable practices to meet consumer demand and regulatory requirements.