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.