New Delhi, April 15 -- 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.

The report highlighted that the global automotive sector is undergoing a significant transformation, shifting from traditional fuel-based vehicles to electric vehicles (EVs).

These EVs are increasingly being equipped with next-generation features such as Advanced Driver Assistance Systems (ADAS), Internet of Things (IoT) connectivity, and Autonomous Driving (AD) capabilities.

These high-end...