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Autonomous Vehicles in Covid Economy

www.eetimes.com, Jun. 17, 2020 – 

The Covid economy has already impacted the auto industry negatively, and more changes are on the way, along with a large dose of uncertainties. We can use what we have learned from the last few months to give perspectives on the likely future. The first table below summarizes a few things we have learned.

Global auto sales dropped like a rock and will remain well below recent yearly sales for five years and possibly longer depending on region. 2020 will have the largest yearly sales drop at 22% to 69.6M units versus 89.4M in 2019 according to an IHS Markit press release on April 30, 2020.

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