The global semi-conductor shortage began in 2020 and has continued into 2023. Semi-conductors, also known as chips, are essential components in consumer electronics like smartphones and computers. They are also used in cars for a variety of functions, from entertainment systems to power steering. On average, EVs require about 1300 chips, while ICEs typically are...
As if the semi-conductor shortage isn’t crippling enough, now a cargo ship carrying approximately 4,000 vehicles is floating in the Atlantic – on fire. Onboard are reported to be Audis, Porsches, Lamborghinis, VWs and Bentleys. There are EVs said to be in the mix as well. No word on what sparked the flames. Many...