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Follow on Google News | Global Automobile Industry Impacting Economy GrowthIn 2021, 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. The overall vehicle production of passenger cars increased in the year 2021 by 2% as compared
By: Makreo Research and Consulting COVID-19 Impact: The COVID-19 restrictions that resulted in a double-digit decline in sales due to the suspension of vehicle production and sales worldwide also had a significant negative impact on the automotive industry. Later in 2020, the market was also negatively impacted by supply chain disruptions, which are anticipated to persist into 2021. However, the auto industry is recovering faster than expected, partly due to consumer trends favouring personal mobility over shared and public transit. Further Key Findings § Artificial Intelligence: § Increasing Demand for Electric Vehicles: The new trend of global automotive industry is moving towards the increased production and sales of electric vehicles and hybrid vehicles across all the regions. Rise In Innovative Subscription- Makreo Research has published a study on Automobile industry, report titled "Global Automobile Industry Production and Demand – Regional Trend Assessment" is a detailed study that covers regional assessmenta also. Report Link- > https://www.makreo.com/ Review Similar Reports: > https://www.makreo.com/ or reach out to us: Call: +91 9619699069 Write: info@makreo.com End
Page Updated Last on: Dec 14, 2022
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