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

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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. By 2026, IHS Markit forecasts the global market for automotive semiconductors to reach $67.6

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Can Electric Vehicles Speed Up As The Economy Slows Down?

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With the global automotive industry spiraling, several reports have questioned how EVs will fare vis-à-vis the turbulence in the broader industry. 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%.

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