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Shortage of electrical steel could impact electric vehicle deliveries in 2022, experts warn
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EV buyers globally could be looking at an average waiting time of more than two months for their cars.
PHOTO: REUTERS
SINGAPORE - A looming lack of electrical steel could compound an ongoing component shortage faced by carmakers and lead to longer delivery delays for electric vehicles (EVs).
EV buyers globally could be 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.
