Semiconductor shortage continues to cloud car sales growth.
The chip shortage cost the global auto industry an estimated lost production of 7.7 million vehicles in 2021. Picture: GETTY IMAGES
Most motor companies expect the drought to ease in the second half of this year. Chipmakers, however, say it could persist to the end of the year and even into 2023. It says much about the uncertainty that while some analysts say the continuing shortage could cut planned production by 1-million vehicles in 2022, others say the eventual figure could be nearly 5-million.
Precise 2021 global vehicle sales and production numbers are still unclear. While major markets have reported their figures, the International Organisation of Motor Vehicle Manufacturers was this week still waiting for some small ones to complete calculations. The European Automobile Manufacturers Association is more bullish, predicting 8% growth in its region.
Within the EU, says the ACEA, plain hybrids, which run on dual electric and liquid-fuel engines and don’t require recharging, accounted for 19.6% of new cars, compared to 11.9% in 2020. “Electrically chargeable vehicles also saw a strong increase in sales, making up 18.0% of total car registrations, up from a 10.5% share in 2020.”
LMC reckons that by 2032, EVs and hybrids will account for 53% of all new-car sales around the world.
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