Why The EV Industry Has A Massive Supply Problem.

The EV industry has come a long way but there are definitely problems to overcome. Supply Chain issues have caused issues especially with batteries.

The electric vehicle (EV) industry has experienced significant growth in recent years, with global sales of EVs increasing significantly as more and more consumers opt for electric over gasoline-powered vehicles. However, this growth has also led to a number of challenges, including a shortage of key components and materials needed to produce EVs.

There are a number of factors that have contributed to the supply problem facing the EV industry:

Strong demand: The growing demand for EVs has outpaced the supply of key components and materials, leading to shortages and delays.
Limited production capacity: Many companies that produce components and materials for EVs have struggled to ramp up production to meet the growing demand, leading to shortages.
Limited supply of raw materials: The production of EVs requires a number of specialized raw materials, such as cobalt and lithium, which are in limited supply and can be difficult to source.
Limited supply chain capacity: The supply chain for EVs is complex and involves many different components and materials, and some companies have struggled to manage this complexity and ensure that they have the necessary components and materials in place to meet demand.

Overall, the supply problem facing the EV industry is a complex issue that is driven by a combination of strong demand, limited production capacity, and limited supplies of key raw materials and components.

Electric Vehicle Quotes

“Imagine a kind of system where you have lightweight electric vehicles relatively small battery capacity, and then picking up charge wherever they park. You never have to worry about filling up your car, never go to the gas station, never plug it in, never do any of these things.” ~William J. Mitchell
“Just be an absolute perfectionist about the product that you make, the service that’s provided. Seek negative feedback from all quarters, from customers, from people who aren’t customers. Ask them, ‘Hey, how can we make this better?’” ~Elon Musk
“We are expanding our strategy not just in autonomous driving but also in autonomous things. Drones, trucks, advanced robotics.” ~Edzard Overbeek
“If you recognize that self-driving cars are going to prevent car accidents, AI will be responsible for reducing one of the leading causes of death in the world.” ~Mark Zuckerberg
“Deep Learning will change the lives of all of us. What is Deep Learning? It’s behind what makes self-driving cars a reality.” ~Dave Waters.
“Connectivity offers a great opportunity for General Motors. When you look at the investment we have made in OnStar and putting 4GLT in and the access you have to not only put data in, and we haven’t really tapped into the data you can use from the vehicle.” ~Mary Barra, GM CEO.
“I really do encourage other manufacturers to bring electric cars to market. It’s a good thing, and they need to bring it to market and keep iterating and improving and make better and better electric cars, and that’s what going to result in humanity achieving a sustainable transport future. I wish it was growing faster than it is.” ~Elon Musk
“Once you trust a self-driving car with your life, you pretty much will trust Artificial Intelligence with anything.” ~Dave Waters