Unprecedented Chip Shortage Lengthens Wait Times for EV Buyers
Nov 11, 2022
As more people become interested in electric vehicles because of the high costs of gasoline and the government rebates as well as a growing awareness about climate change, potential buyers are being told they have to wait for months and even years before their preferred EV can be available. The worldwide shortage of microchips is one key bottleneck preventing manufacturers from ramping up their production to meet growing demand.
Microchips control nearly every function in electric vehicles from monitoring the state of charge in the battery to the driver assist…
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