The impact of semiconductor chip shortage on your car buying

Table of Contents What exactly are semiconductor chips? So, how did we get here?  What exactly is the demand for chips in vehicles?So what does this all mean for Electic Vehicle production? Will the semiconductor chip shortage speed up other innovations?So… what is the impact on consumers? Did you know SHIFT is taking the […]

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The worldwide semiconductor chip shortage has been slowing down car production for a while now. Toyota announced last month it would reduce production by 40% and a recent survey shows US automakers are set to produce 1.28 million fewer cars this year.

But what does it mean for the rest people buying cars? How bad is the problem, and how did we get here? To find out, I went straight to the source and asked car makers, researchers, and those working in manufacturing and supply chains for their take. Here’s what they had to say.

What exactly are semiconductor chips?