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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

Global automotive semiconductor revenue for 2020 will exceed initial expectations, primarily due to an increase in the average semiconductor value per car sold this year, according to a new forecast by IHS Markit. One of the impacts of COVID-19 is that it has led to an increase of the average semiconductor value per car sold.

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This is How the COVID-19 Pandemic Affect The Global EV Market

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The COVID-19 control measures and the economical crisis that followed took a massive toll on the global automotive and manufacturing industries. The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. COVID-19 & Global Electric Vehicle Market. Government policies and regulations.

Market 52
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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

One looming artifact of the pandemic that remains in 2023—the global chip shortage —has gratefully begun to recede. considered getting into the chip-stimulus game as well. By the time car makers realized people still wanted to buy their goods they found themselves at the back of the line for the chips they needed.

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Japan Automakers Plan to Step Up Exports of Small-Cars

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Japanese automakers plan to increase exports of small cars with engine displacements of 1-1.5 Foreign demand for small cars has been growing in part because of stimulus measures in some countries to encourage consumers to replace their cars. The car has an engine displacement of up to 1.5 liters by the end of 2010.

Japan 150
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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. When oil prices go up, people buy fuel efficient cars.

Oil 150
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ITF study finds limited environmental and safety impacts of car fleet renewal schemes in US, France and Germany

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Car fleet renewal schemes introduced in the US, France and Germany to stimulate consumer spending on cars in the wake of the 2008. German Umweltprämie and the US Cars program—for the impact on CO 2 and NO x emissions of 2.8 In Europe, for example, this means covering pre-1992 cars that predate Euro.

France 249
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Ener1 Establishes European Division

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US-based Ener1 is creating a European Division and has appointed Ulrik Grape, a veteran of the lithium-ion business, as President of Ener1 Europe. Ener1 is teaming with Volvo Cars to provide lithium-ion packs for the C30 Battery Electric Vehicle ( earlier post ). Ulrik Grape. The company was recently selected to be awarded a $118.5