Semiconductor Chip Scarcity Could Have Dire Impact on Electric Vehicle Production

Have you heard about the “automotive chip famine” that has crippled vehicle production worldwide?

Pandemic-driven supply chain disruptions are largely to blame for this global shortage of semiconductor chips, which in the auto industry are used for vital components such as safety sensors, brake systems and driver assistance technology as well as batteries for electric vehicles (EVs).

Manufacturers such as General Motors, Ford Motor Company, Toyota Motor Corporation, Volkswagen AG and now Tesla have had to delay or halt production because of chip scarcity, which could last into the third quarter of 2021, according to market analysts.

Considering that many EV manufacturers had plans to ramp up production this year, it will be interesting to see how this crisis impacts the projected growth of the EV market. Here’s a whitepaper from IHS Markit with further insights: http://ow.ly/iXDc50DVLpT

If you’re looking to buy a new EV in this unpredictable market, you might be interested in the helpful shopping tips found on Cars.com: http://ow.ly/GGRO50DVLqZ

GM Embarks on Journey Toward an All-Electric Future

General Motors (GM) has unveiled its plans for Factory ZERO, a flagship facility dedicated to advancing GM’s aspirations for a future with zero crashes, zero emissions and zero congestion.

GM is making an unprecedented $2.2 billion investment in its facilities to convert the Detroit-Hamtramck Assembly Center into an all-electric vehicle assembly plant—the first in GM's history. This move will position the plant to build electric trucks and SUVs at scale, including the Ultium battery-powered GMC HUMMER EV pickup, which will begin production in late 2021. More details about Factory ZERO are available here.

Voltrek applauds GM's efforts to transform the automobile industry by committing to an all-electric future.