Autonomous vehicles to take 26% market-share by 2040

Southfield, Michigan –  More than 33 million autonomous vehicles (AVs) – representing around 26% of the market – will be sold globally in 2040, up from the 51,000 units in 2021, IHS Markit has forecast.

In a new analysis, IHS Markit, linked the rate of growth in demand to a “rapid convergence of autonomous driving and mobility services such as ride-hailing.”

The US will lead the world in the early adoption of production AVs, with Europe and China expected to begin adding considerable volume from 2021 onward,…

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