There is no way Charles will be abdicating anytime soon — zero chance
King Charles is facing a somewhat awkward start to 2024
there have been calls for Charles to pass the crown to Prince William
Newsweek
notes that multiple British outlets (including ones that are normally "royalist") have published articles on the prospect
the Daily Mail
published an "exclusive" about a potential abdication
King Charles might think about doing the same if his health suffers
He just thinks it is a good time to pass on to William and Kate while they are still young.