Home Business Chip shortage won’t hold back the race for electric cars: S&P estimates EV segment up to 20% global sales by 2025

Chip shortage won’t hold back the race for electric cars: S&P estimates EV segment up to 20% global sales by 2025

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The growing shortage of semiconductors has led S&P to revise its projections of a global recovery in auto sales downwards. The new estimates released today are + 2-4% for this year for light vehicles and + 4-6% for 2022. “At the moment, supply chain disruptions are not expected to affect manufacturers’ ratings. of global cars, but there could be an impact on credit for suppliers, particularly those positioned at the lower end of the rating scale “, notes the new report from S&P Global Ratings.

However, S&P expects an acceleration of the electrification phenomenon: electric vehicles will make up 7% -10% of the global light vehicle fleet in 2021 and 15-20% in 2025.

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