Shortage of electrical steel could impact EV deliveries in 2022, experts warn

SINGAPORE – A looming lack of electrical steel could compound an ongoing component shortage faced by car-makers and lead to longer delivery delays for electrical vehicles (EVs).

EV buyers globally could looking at an average waiting time of more than two months for their cars as a result of component shortages that have disrupted production, said Mr Matteo Fini, an automotive supply chain expert at market intelligence firm IHS Markit.

Please subscribe or log in to continue reading the full article.

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Source: Read Full Article