2020 was not a good year for all industries, including the automotive industry around the world, as the Corona virus punctured the wheel of the automotive industry and even shut down many of the world's automakers at some point in time to counter the outbreak of the Corona virus. And now, with the start of 2021 and the start of the Corona vaccine test in many countries, there is hope that the new year will be a better year for the automotive industry.
Khodrocar - With the outbreak of the Corona pandemic around the world, the stocks of many car companies have fallen sharply since the beginning of 2020, although some automotive giants have experienced different conditions, during which time their stocks and status have grown rapidly, regardless of the situation. The world did its job, but many car companies were affected by the virus.
These restrictions gripped the large automotive companies to such an extent that they were forced to manage their financial resources, but the senior executives of the automotive companies always tried not to stray from their path by designing and launching new products and updating old products. Seek to gain more market share. Accordingly, some brands, as usual, unveiled their new products for release in 2021 in the last months of 2020.
Meanwhile, the world economic growth forecast for the middle of 2021, and although studies show that some industries, such as oil, do not easily return to the pre-Corona situation, but it is predicted that some large industries should start rebuilding themselves, so it is possible that the automotive industry will be among these industries.
The advent of electric and hybrid cars has put the automotive industry on the brink of serious change, and the largest consumers of such cars are likely to be in China and the European Union, so demand growth is projected to reach one-third of total demand. Two markets will be dedicated to electric and hybrid automakers by the end of 2021.
The European Union, meanwhile, has set aside a € 750 billion budget to support green transport, which is likely to accelerate with the arrival of Joe Biden in the United States.
Therefore, 2021 should be considered the year of the world's rapid leap in the production of electric and hybrid vehicles and the growth of their market share from 11% to 17% of the total world market. This is so serious that the entire supply chain of the automotive industry is likely to change.
Therefore, the automotive industry is expected to return to the prosperity and positive growth of the past in the new year, and according to the Oxford Economic Group, in the fourth quarter of 2022, it will experience growth beyond 7%.
This rapid return is mainly due to the sharp growth in the production and consumption of electric vehicles, which will change the geography of the world car industry. From this perspective, parts makers in Japan and Germany will be under a lot of pressure from competitors, which will create a new flow of profits for emerging actors.
These restrictions gripped the large automotive companies to such an extent that they were forced to manage their financial resources, but the senior executives of the automotive companies always tried not to stray from their path by designing and launching new products and updating old products. Seek to gain more market share. Accordingly, some brands, as usual, unveiled their new products for release in 2021 in the last months of 2020.
Meanwhile, the world economic growth forecast for the middle of 2021, and although studies show that some industries, such as oil, do not easily return to the pre-Corona situation, but it is predicted that some large industries should start rebuilding themselves, so it is possible that the automotive industry will be among these industries.
The advent of electric and hybrid cars has put the automotive industry on the brink of serious change, and the largest consumers of such cars are likely to be in China and the European Union, so demand growth is projected to reach one-third of total demand. Two markets will be dedicated to electric and hybrid automakers by the end of 2021.
The European Union, meanwhile, has set aside a € 750 billion budget to support green transport, which is likely to accelerate with the arrival of Joe Biden in the United States.
Therefore, 2021 should be considered the year of the world's rapid leap in the production of electric and hybrid vehicles and the growth of their market share from 11% to 17% of the total world market. This is so serious that the entire supply chain of the automotive industry is likely to change.
Therefore, the automotive industry is expected to return to the prosperity and positive growth of the past in the new year, and according to the Oxford Economic Group, in the fourth quarter of 2022, it will experience growth beyond 7%.
This rapid return is mainly due to the sharp growth in the production and consumption of electric vehicles, which will change the geography of the world car industry. From this perspective, parts makers in Japan and Germany will be under a lot of pressure from competitors, which will create a new flow of profits for emerging actors.
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