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

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 powertrains and smart driving features.