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jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. The small increase in employment came at a far higher implied cost per job created ($1.4 million, or 0.7 million tons.
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
COVID-19 pandemic has hit the automotive market hard. As the automotive market takes a dive, EVs show strength. As a result of this resilience, the market share of EVs has been growing significantly. More eco-conscious markets will help EVs to emerge stronger.
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