The European Union's car market will return to growth in 2022 after two years of decline, but registrations will remain 20% below 2019 levels as the chip shortage continues to hamper production.
This is according to a prediction from Europe's auto manufacturers association.
Stabilising chip supplies should enable car registrations to reach 10.5 million vehicles this year, 7.9% above 2021 levels, the European Automobile Manufacturers' Association (ACEA) said in a statement.
The association also urged the EU to increase regional chip production to reduce its reliance on external suppliers.
