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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. IHS Markit now expects semiconductor revenue to contract in 2020 by -9.6%

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Can Electric Vehicles Speed Up As The Economy Slows Down?

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In Germany, statistics from the Federal Motor Transport Authority reveal that total car registrations in March fell by 38% while fully electric cars actually grew by 56% and hybrids by 208%. Chinese car producer BYD even recorded a 337.25% increase in March sales amongst its fully electric and hybrid car models.

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