Electrification of Automotive Industry Charges Growth
October 20, 2021 at 16:32 PM EDT
Supply chain issues are having huge impacts across broad sectors of the global economy, but few are feeling it as tightly as the automotive industry, which is facing catastrophically short supplies of semiconductor chips on top of the generalized supply woes. It’s driving many auto makers to bring battery production back to their own countries in an effort to meet the demands of a rapidly growing market for electric vehicles.