💨 Abstract

The report by NITI Aayog predicts that the cost of semiconductor chips used in vehicles will double from USD 600 to USD 1,200 per vehicle by 2030 due to the growing use of advanced technologies in automobiles. This is attributed to the increasing shift towards electric vehicles (EVs) and their incorporation of next-gen features like ADAS, IoT connectivity, and Autonomous Driving capabilities.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖