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About 20 percent fewer cars are to be produced globally by 2026 due to a shortage of semiconductors and chips if no action is taken to tackle the problem, Germany's VDA automotive association said on Thursday, citing a study it commissioned. BTA reported, citing Reuters.

The study found that

chip shortages led to a 9% drop in global car production in 2021

, the VDA added.

Turkey sees opportunities for cooperation with Bulgaria in the automotive sector

Demand for the chips is expected to triple by 2030 as automakers shift to electric vehicles and as features such as electronic driver assistance systems become more common, the VDA study also noted.