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Cost of semiconductor chips per vehicle to double to USD 1200 by 2030 due to tech advancement: NITI Aayog

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New Delhi [India], April 15 (ANI): The cost of semiconductor chips used in vehicles is expected to double from the current average of USD 600 to USD 1,200 per vehicle by 2030, according to a new report by NITI Aayog. The increase is attributed to the growing use of advanced technologies in automobiles, including electric […]
The cost of semiconductor chips per vehicle is expected to double to USD 1,200 by 2030 due to technological advancements, according to a report by NITI Aayog. This increase is attributed to the growing demand for advanced driver assistance systems (ADAS), electric vehicles (EVs), and connected car technologies, which require more sophisticated and expensive chips. The report also highlights the need for India to enhance its semiconductor manufacturing capabilities to meet this rising demand and reduce dependency on imports, thereby fostering self-reliance in the automotive sector.

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