November 25, 2020

After chastising legislators for rejecting his calls for tolls, Gov. Ned Lamont faces another budget quandary centered on Connecticut’s cash-starved transportation network.

With big deficits looming over the next two fiscal years, Lamont already is expected to propose some ugly spending cuts in February as he tries to avoid tax hikes while potentially gearing up to seek re-election in 2024.

Or, to mitigate those unpleasant options, he could try to steer money away from transportation — which could lead some to question his commitment to the program.

“I have no intent to change the law” and shift funding away from transportation, the governor said Monday. “But my life would be a heck of a lot easier if they [legislators] could vote on a plan.”

Lamont asked lawmakers in 2019 to approve tolls on all vehicles and, in 2020, to impose fees just on large trucks. Lawmakers acted on neither but also approved no substitute plan to fund transportation over the long haul.

Meanwhile, the state budget’s General Fund will run $2.1 billion in deficit next fiscal year unless adjustments are made, nonpartisan analysts warned last Friday. That’s a 10 percent shortfall.

The governor and legislature are expected to use Connecticut’s record-setting, $3.1 billion rainy day fund to mitigate that problem.

But analysts also project potential deficits of $2.2 billion and $2.1 billion in the 2023 and 2024 fiscal years, respectively. That means the reserve might need to be spread over several years to cushion the blow as Connecticut recovers from the coronavirus-induced recession.

And a significant part of the immediate budget challenge involves a commitment to steer more resources — specifically, tax receipts from motor vehicle sales — away from the General Fund and into the Special Transportation Fund.

The governor is supposed to deliver an extra $180 million to the STF next fiscal year, and then boost the annual transfer by another $90 million in 2022-23.

Lamont could argue the General Fund simply can’t spare these resources right now as it tries to avoid tax hikes at the worst possible time.

According to the state Department of Labor, nearly 190,000 residents currently are collecting weekly unemployment benefits. By comparison, the state lost roughly 120,000 jobs in the


NEW YORK, Nov. 25, 2020 /PRNewswire/ — Automotive Plastics Market Research Report by Product (Acrylonitrile Butadiene Styrene, Methyl Methacrylate, Polyamide, Polycarbonate, and Polyethylene), by Application (Electrical Components, Interior or Exterior Furnishings, and Powertrain) – Global Forecast to 2025 – Cumulative Impact of COVID-19

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The Global Automotive Plastics Market is expected to grow from USD 29,277.78 Million in 2019 to USD 47,646.83 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.45%.

Market Segmentation & Coverage:
This research report categorizes the Automotive Plastics to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Product, the Automotive Plastics Market studied across Acrylonitrile Butadiene Styrene, Methyl Methacrylate, Polyamide, Polycarbonate, Polyethylene, Polypropylene, Polyurethane, and Polyvinyl Chloride.

Based on Application, the Automotive Plastics Market studied across Electrical Components, Interior or Exterior Furnishings, and Powertrain.

Based on Geography, the Automotive Plastics Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Company Usability Profiles:
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Automotive Plastics Market including BASF SE, Borealis AG., Covestro AG, DowDuPont, Inc., Evonik Industries AG, Johnson Controls, Inc., Magna International Inc., Momentive, and SABIC.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Automotive Plastics Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply


ALBANY, N.Y., Nov. 25, 2020 /PRNewswire/ — NFC refers to near field communication, which is considered as one of the latest developments in the short-range wireless connectivity technology. In past few years, there is remarkable development in the NFC technology. As a result, there is extensive increase in the use of NFC chips in various end-use industries such as automotive, consumer electronics, medical, aviation, and retail. This scenario is likely to boost the growth of the global NFC chips market during the assessment period 2020–2030.

Analysts at TMR note that the global NFC chips market will show growth at promising of CAGR of 7.5% during the assessment period 2020–2030. This growth is on the back of plethora of factors. The market is experiencing remarkable growth in demand for NFC chips from finance and payment sector as well as automotive sector. Growing focus of many vendors working in the NFC chips market toward technological advancements is foreseen to help in the expansion of this market during forecast period of 2020 to 2030.

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Key Findings of NFC Chips Market Report

  • The global NFC chips market is estimated to grow at 7.5% CAGR during the forecast period of 2020 to 2030.
  • The market is predicted to surpass the valuation of approximately US$ 5.6 Bn by 2030 end.
  • Europe and North America markets for NFC chips are likely to experience prominent expansion opportunities in the forthcoming period.

Explore 164 pages of top-notch research, incisive insights, and detailed country-level projections on NFC Chips Market (Product Application: Smartphone, Television, Medical Equipment, Cars, and Others; Storage Capacity: 64 Bytes, 168 Bytes, 180 Bytes, 540 Bytes, and Others; and End User: Consumer Electronics, Automotive, Retail, Medical, Aviation, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at

NFC Chips Market: Key Driving Factors and Promising Avenues

  • NFC chips are gaining traction across numerous end-use industries owing to their ability to simplify the user interfaces. Owing to this factor, there is remarkable increase in the use of NFC chips in a wide range of consumer products.
  • NFC chips are in high demand from smartphone manufacturing companies, including Samsung and Apple. This factor is predicted to generate promising expansion opportunities in the NFC chips market in the assessment period of 2020 to 2030.
  • In recent period, there is remarkable increase in the use of NFC chips across numerous security systems for communication purpose. Key reason behind this trend is the ability of NFC chips to offer safer services than that of other alike technologies such as Wi-Fi and Bluetooth. This factor is forecasted to fuel the expansion of the global NFC chips market in the forthcoming years.
  • Aside From smartphones, NFC chips find application in a wide range of consumer electronic goods including televisions, speakers, refrigerators, washing machines, and cameras. Main function of NFC chips in these devices is offer contactless data transfer. Thus, increased demand for all these products is estimated to generate prodigious sales opportunities in the

(MENAFN – Daily News Egypt) Elsaba Automotive has frozen its investments during the current year, due to the negative local and international repercussions of the novel coronavirus (COVID-19) pandemic, according to the company’s Chairperson Alaa El-Sabaa.

The investment plan is expected to be implemented during 2021, should conditions stabilise, and include the expansion of a new exhibition for one of the European companies Elsaba Automotive represents. This will also see the construction of a service centre branch for Nissan in Damietta Governorate.

El-Sabaa said that the time is not suitable for any new investments to be made, to avoid incurring further financial losses. This is particularly with the lower demand for purchasing vehicles of various kinds over the past few months.

He added, “The state of confusion in the auto market, due to price instability and lack of supply for some brands, will negatively affect the sectors business and sales results by the end of this year.”

El-Sabaa also said that, during the coming period, a number of expansions will be made alongside exhibitions and maintenance centres, as a service centre will be opened in Mansoura early next year, with investments of EGP 8m.

He added that a new showroom will be opened in Cairo, during the first quarter (Q1) of 2021, for the distribution of cars and vehicles manufactured by a European company.

Whilst refusing to disclose the name of the company, El-Sabaa said that the showroom will receive a total of EGP 7m in investments.

The Chairperson pointed out that all expansions during the next year will be self-financed, with no borrowing through the investment banking sector occurring.

He also pointed out that the establishment of a holding company has been postponed from its originally scheduled opening by the end of 2020, until the end of next year.

He added that his company is looking to list its various activities on the stock exchange, including in tourism and real estate among others, during a period of up to three years.

With regard to the over-price phenomenon, El-Sabaa said that the economic crisis caused by the global health crisis has reduced the display of models available in the market. The pandemic has also significantly shaken consumer confidence, meaning that many have now postponed purchases due to the lockdown.

He noted that there are no monopolies in the Egyptian auto sector, as monopoly practices only emerge in basic commodities that consumers cannot live without. 

El-Sabaa also said that the consumer has many choices between many different models, types and price groups, which will affect their purchasing choices.

He said that the market is currently witnessing a sales decrease trend, by a rate ranging between 10%-20%, with the return of schools, compared to the sales witnessed during August and September.

He indicated that car sales began to improve after a state of recession during Q1 of 2020, due to the effects of the coronavirus.

El-Sabaa added that most car dealers and distributors in the Egyptian market have reduced their monthly shares


Dublin, Nov. 25, 2020 (GLOBE NEWSWIRE) — The “Global Automotive Catalyst Market (by Metal, Vehicle Type and Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)” report has been added to’s offering.

The global automotive catalyst market is expected to record a value of US$18.21 billion in 2024, increasing at a CAGR of 7.20%, during 2020-2024.

Factors such as the growing production of motor vehicles, exploration of the automotive aftermarket, rapid urbanization, accelerating economic growth and emission control regulations by the government would drive the growth of the market. However, the market growth would be challenged by the growing penetration of electric vehicles and the fluctuating prices of precious group metal. A few notable trends may include the rising application of emission control catalyst in automobiles, increasing R&D spending in automobiles, innovation in automotive catalyst and adoption of nanotechnology.

The global automotive catalyst market has witnessed lucrative growth in the past few years owing to the increased application in vehicles. Light-duty vehicles and heavy-duty vehicles have been the two main segments of automotive catalyst market, in terms of vehicle type. Light-duty vehicle catalysts have been in high demand owing to the increased production and sales of passenger cars. While, heavy-duty vehicle catalysts have showed steady growth, due to their increased application in heavy-duty trucks and buses.

The fastest regional market was the Asia Pacific, owing to the increased government initiatives regarding emission control, which resulted in the increased application of catalysts in automobiles. Europe and North America also contributed significantly to the global market, due to the increased technological innovation in emission technologies for fuel-efficiency.

Further, the outbreak of COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector, which might have an unfavourable impact on the growth of the global automotive catalyst market in the initial phase of the forecasted period.

Scope of the report:

  • The report provides a comprehensive analysis of the global automotive catalyst market.
  • The major regional markets (Asia-Pacific, Europe, North America and ROW) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (BASF, Cummins, Tenneco, Johnson Matthey, Clariant AG and Umicore ) are also presented in detail.

Key Target Audience:

  • Manufacturers of Automotive Catalysts
  • Traders, Distributors, and Suppliers of Automotive Component Parts
  • Regional Manufacturers’ Associations and General Automotive Associations
  • Government and Regional Agencies and Research Organizations
  • Investment Research Firms

Key Topics Covered:

1. Overview
1.1 Introduction
1.2 Major Automotive Catalysts Metals
1.3 Advantages of Automotive Catalysts
1.4 Mechanism of Automotive Catalysts

2. Impact of COVID-19
2.1 Downfall in the Global Economy
2.2 Decline in the International Trade
2.3 Decline in Automobile Sales
2.4 Impact on Auto Parts Dealerships

3. Global Market Analysis
3.1 Global Automotive Catalyst Market by Value
3.2 Global Automotive Catalyst Market Forecast by Value
3.3 Global Automotive Catalyst Market Value by Metal
3.3.1 Global Palladium Automotive Catalyst Market by


Pune, New York, USA, November 25 2020 (Wiredrelease) Research Dive :Light detection and ranging (LiDAR) is a vital sensing technology for enabling autonomous cars and vehicles. LiDAR uses a pulsed laser to detect angle, velocity, and distance with high precision. LiDAR can sense lane markings, classify objects, and can be also used to correctly position an autonomous vehicle.

The Research Dive published blog states that when compared with the conventional methods, automotive LiDAR sensors have made the inspection, mapping, and detection of objects easier. Precise and accurate data points can be delivered with laser light in short time. This sensor also has an ability to provide 3D scanning of images and extremely accurate data in a shorter time.

Check out How COVID-19 impact on the Automotive LiDAR Sensor Market. Click here to Speak with Analyst @

Trends and Recent Developments in Automotive LiDAR Sensors

In order to be beneficial for autonomous driving, automotive LiDAR sensor has to swoop the environment to build a useable 3D map. A LiDAR technology company, Velodyne has two different technologies for producing a 3D map. Surround View is one platform which achieves a 360-degree view around the sensor. This platform uses a solid-state LiDAR electronic engine, which is basically rotated on a spindle.
The other platform of Velodyne is Vellaray, which is an embeddable small form factor. This platform uses frictionless beam steering, which can be swept in two axes. However, as its field of view is limited to 120o in the horizontal plane, it is not physically rotated.

The resolution of modern automotive LiDAR sensor is good enough to differentiate between various objects. Besides distance, LiDAR sensor can also examine the reflectivity of an object. In stop signs, the background is in red and the word stop is in white. Thus, by the virtue of reflectivity, the LiDAR system can determine its nature and just not the presence of a sign. The lane markings are also more reflective than the road signs

The next generation of LiDAR system is now being developed and commercialized by Veoneer for automotive application using scalable auto-grade automotive LiDAR sensor and 3D software technology of Velodyne. Both companies will contribute technologies, key components, know-how, and other logical property that is required to improve the next generation of high performance and affordable LiDARs for the automotive market.

Download Sample Copy and Reveal the Market Overview, Opportunity, Expansion and Growth of Automotive LiDAR Sensor Market. Click here to know more in details @

Hence, automotive LiDAR sensor provides a view of the world independent of radar and cameras. Although, cameras and radar cannot be replaced. As a backup, there will always be a necessity for a redundant sensor modality in cases where the LiDAR sensor fails.

Forecast Analysis of Automotive LiDAR Sensor Market

Global automotive LiDAR sensor market is anticipated to witness a progressive growth during the forecast period from 2019 to 2026. The improved automated processing ability of automotive LiDAR sensors in terms of data processing capabilities and


  • Nearly 80% of Canadians feel safest travelling by car
  • 51% of Canadians intend to or would consider purchasing and EV to reduce their carbon footprint
  • Common EV misconceptions revealed

MISSISSAUGA, Ontario, Nov. 25, 2020 (GLOBE NEWSWIRE) —  COVID-19 lockdowns have disrupted what was once considered ‘normal,’ challenging Canadians to adjust their daily lives, rethink travel, and reconsider how to make a positive environmental difference. To determine Canadians’ electric intrigue, Kia Canada commissioned Canadian pollster Angus Reid1 to conduct a recent survey to gauge transportation habits, EV knowledge and misconceptions to help educate consumers on how easy making the switch to EV can be.

The findings show that since the pandemic began, 79% of Canadians say they feel safest travelling by car and 38% are more conscious of their life choices and impact on the environment. In fact, over half the population say they intend to or would consider purchasing an EV for their next vehicle to reduce their carbon footprint.

Collective Green Consciousness
Consumer appetite for sustainable living is growing in popularity and since 2015, Kia Canada has placed over 8,000 EV vehicles on the road and has recorded triple digit year-over-year increases in the past 3 years, showing that many Canadians are increasingly more aware of their environmental choices and looking to engage in green consumerism to better the planet. However, survey findings reveal that 82% of Canadians have never driven an EV before. To understand why this could be, Kia identified common misconceptions that act as EV barriers to help arm Canadians with the facts they need to gain EV confidence.

Tune-Up on EV Facts and Common Misconceptions
The national survey revealed that when it comes to EVs, Canadians were hesitant to make the switch due to four key concerns: charging station availability, the time it takes to charge, vehicle range and the higher cost of EVs.

A strong believer in consumer education, Kia Canada, which offers the largest green car line-up among mainstream automotive manufacturers, understands that EV education comes with experience and is determined to clear up Canadians’ myths and misconceptions about going the distance safely, economically and environmentally in a clean-driving EV.

Myth #1: EV Charging Station Availability
Every day brings new adventure with multiple pitstops along the way. From running daily errands to dropping the kids off at school or hockey practice, Canadians rely on their vehicles to support their busy schedules, no problem.

Here’s where the myth about recharging comes in: 47% of Canadians say they would not consider purchasing an EV and among this group 50% believe finding a charging station is a nuisance, and 30% don’t think they can install a charging port in their home.

And here’s where fact versus fiction comes into play: ChargeHub, Canada’s leading charging station app, says there are more than 14,000 public charging ports (Level 2 and 3) available across Canada, making it easy for drivers everywhere to access charging on-demand – whether its at their local grocery store, service station, or restaurant.