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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
Vehicle replacement schemes such as the “cash for clunkers” program in the US and the “scrappage scheme” in the UK have featured prominently in the economic stimulation packages initiated by many governments to cope with the global economic crisis—at least 13 countries have deployed such schemes.
The “cash for volts&# approach was touted Monday by the Electrification Coalition, a 13-member group that sees electric plug-ins as the answer to a host of problems, from dependence on foreign oil to tailpipe emissions that some believe is contributing to global climate change. November 16, 2009: 06:01 PM ET. By Judith Burns.
While the study is focused on California, the authors explain that its insights are applicable globally. “Accelerated retirement programs will be critical for California to reach emissions targets by 2045.” The research findings are relevant to any government aiming to decarbonize [its] vehicle fleet.”
The US can lead in a new, profitable, global business opportunity. We can add carbon filters to diesel trucks to get rid of black carbon—soot, which is another global health and climate problem. We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program.
With the global automotive industry spiraling, several reports have questioned how EVs will fare vis-à-vis the turbulence in the broader industry. Overall, interest in sustainable mobility is weathering and is also seemingly precipitated by the unprecedented global pandemic. Why some analysts expect EV sales to drop.
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