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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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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. 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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COVID-19 pandemic has hit the automotive market hard. As the automotive market takes a dive, EVs show strength. 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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