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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. In some parts of Europe, for example, the government is only providing incentives for electrified vehicles.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Outside of Europe, the US and China have experienced a sharp decrease in overall car sales as well. With the global automotive industry spiraling, several reports have questioned how EVs will fare vis-à-vis the turbulence in the broader industry. More eco-conscious markets will help EVs to emerge stronger.

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