What’s new in the Automotive Industry
The automotive industry has been one of the hardest hit by the pandemic. Not being able to go outside and working from home, vehicle purchases ceased to be a priority for many, leading to a decline in sales in 2020. A 14.6% recovery in the global light vehicle market is expected in 2021, with projections to return to 2019 levels by 2023.
The car of the future is described as EASCY: Electric, autonomous, shared, connected, and yearly updated, the five buzzwords in the automotive industry.