For Sensing/AIoT Tech and More

Apr 14, 2021

1 min read

Car: EV and xEV will rise to 62% by 2030

Credit Suisse suggests the adoption of battery-electric and hybrid-electric vehicles (xEV) will rise from 11% (8M xEV units) in 2020 to 62% by 2030 (63M xEV units, including 29M battery-electric vehicles). Given a typical battery-electric car has twice as much semi content at USD800 as a gasoline-fueled car, with ~75% of incremental content coming from Power, Credit Suisse believes that average semi content can grow from USD510 in 2020 to USD1,100 by 2030, driving industry revenues from USD38B currently to USD110B over the next decade (11% CAGR). (Credit Suisse report)