It may still take until after 2030 before 100 million new vehicles are produced and sold in a calendar year car auto cars
executive director of global light-vehicle production Mark Fulthorpe said. “We are now in a position where the auto industry has adapted to a constrained supply, and as a result is much less likely to be hit by significant disruption. With the current semiconductor supply levels, we estimate that 22 million units of global light-vehicle production per quarter could be supported.”
The study warns that demand still exceeds supply for several types of semiconductors and that while demand for chips from consumer electronics has dropped, the number of chips needed by modern-day light-duty vehicles continues to increase.Prior to the COVID-19 pandemic and the semiconductor shortage, S&P Global Mobility had predicted that global sales andof light-duty vehicles could exceed 100 million units annually as early as 2022 having peaked at 94.1 million in 2018.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AIDS Can Be Ended by 2030, UN SaysIt is possible to end AIDS by 2030 if countries demonstrate the political will to invest in prevention and treatment and adopt nondiscriminatory laws, the United Nations said on Thursday.
Read more »
U.N. Agency Says AIDS Could Be Ended by 2030AIDS could be ended as a public health threat by 2030 if political leaders follow the science, invest enough money, and confront inequalities, a report from a United Nations agency says.
Read more »
How China will land astronauts on the moon by 2030The plan involves two launches, one for the lunar lander and one for the crew.
Read more »
Remote work could erase $800 billion in office building value by 2030Remote work could wipe out $800 billion from office buildings' value by 2030 — with San Francisco facing a 'dire outlook,' McKinsey predicts
Read more »
Remote work could wipe out $800B from office building value by 2030Commercial real estate faces a reckoning in the wake of the COVID-related shift to remote work, with $800 billion worth of office space worldwide at risk.
Read more »
ChatGPT May Make You a Better Writer If You Suck, Study SaysMuch has been made about ChatGPT replacing the jobs of journalists, writers, and even musicians—and for good reason.
Read more »