Industry Insights

EV Momentum—Where are we?

Last month, we examined if the EV push could be unraveling. This month, I’ll explore evidence that indicates EVs are picking up momentum globally. In this counterpoint article, let’s forget about the new EPA regulations and mandates for now while taking in adoption rates, what’s driving EV demand, rapid technology advances, and just how easy

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Industry Insights

Could the EV Push be Unraveling?

We’ll explore the evidence that suggests it is. Stay tuned for January’s piece, when we’ll dive into the technology working to make it happen. There’s increasing evidence that the Biden Administration’s EV push may unravel. The administration’s regulations seem to necessitate an increase in EV sales from 8.5% to 67% of all U.S. auto sales

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Supply Chain Management

Semiconductor Shortage the New Normal?

The automotive industry has faced significant challenges due to the impact of the COVID-19 pandemic on semiconductor chip availability, causing widespread disruptions across the sector and the global economy. However, as we approach mid-2023, the situation has stabilized, and the auto industry has adjusted to a new normal. While the shortage of semiconductor chips that

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Supply Chain Management

The Simultaneous Existence of EV and ICE Supply Chains

There’s an unprecedented supply chain transformation happening in the automotive industry. On the electric vehicle side (EVs), experts estimate that manufacturers will spend more than $1.2 trillion through 2030, creating millions of electric vehicles. However, the existing supply chain for internal combustion engines (ICE) still won’t disappear. There are two separate supply chains, and while

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Supply Chain Management

Continued Pressure on Automotive Supply Chains

According to a recent Reuters article, Global supply chain stress at 18-month low in July, NY Fed’s index at its lowest level since January 2021. However, that is not across the board. A major exception is the automotive industry supply chain. There are few industries as complex as automotive regarding supply chains. Normal supply and

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Industry Insights

Automotive Semiconductor Shortages Courtesy of COVID and a Perfect Storm

In a recent Fox Business report, Elon Musk cites major industry-wide supply chain price pressure for raw materials and semiconductors for a string of price hikes on his Tesla Model 3 and Model Y. Tesla instituted production suspensions earlier this year based on parts shortages. Tesla is not alone. Expectations are that the automotive segment

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