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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

IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. In some parts of Europe, for example, the government is only providing incentives for electrified vehicles.

2020 170
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. China – China, the largest EV market in the world, announced that electric cars will be a top priority in its post-coronavirus stimulus plans , extending EV subsidies and tax breaks for two additional years.

Economy 52