The roadmap for replacing aging carbon-emitting vehicles with electric vehicles (EVs) is well-developed — at least in theory. All of the big car companies (and even several of the smaller ones) have publicly stated their commitment to electric vehicles. But what about purchasing a new electric vehicle? That’s a different story.
Volkswagen, the world’s largest automobile manufacturer, recently revealed that it had depleted electric vehicles in the United States and Europe for the remainder of 2022. Ford’s E-Transit was sold out even before it began production.
Notwithstanding having the world’s greatest manufacturing volumes – despite a recent pause in production in China – even the most basic (lower specification) variant of Tesla’s Model 3 vehicle will not be delivered for almost a year.
Back in 2019, the electric vehicle transition was just getting started in terms of sales, and Tesla had stocks of cars in the UK that it could deliver to consumers in days. Even though they can make far more vehicles now, you will most certainly have to wait a very long time for a new one.
For the time being, motorists who want to acquire a fresh new electric vehicle will have to wait. Those governments who intend to prohibit the sale of new gasoline and diesel vehicles will also suffer. A ban is set to take effect in Norway in 2025, and in the UK in 2030.
These goals are based in large portion on the standard vehicle replacement cycle. And, in order for old automobiles to be substituted by new ones, supply must be sufficient to replenish those that are trashed while also allowing for some demand growth.
Currently, there aren’t enough electric vehicles being produced to match that demand. Government ambitions for electric vehicle-only roadways may soon appear utterly unrealistic.
Is this the final stretch?
So, what went wrong? Manufacturers were initially cautious in the initial periods of electric vehicles. They were entering a new and unfamiliar field, and it was unclear whether other competing technologies (like hydrogen power) would be more popular with customers. But batteries triumphed, and consumer demand increased, aided by plans to phase out gasoline and diesel.
COVID-19 has impacted worldwide supply chains, resulting in a scarcity of semiconductors, a critical component of contemporary cars. Due to Chinese lockdowns, Tesla had to shut down its Shanghai manufacturing for three weeks in spring 2022. It was formerly producing roughly 2,000 automobiles every day for Asian and European markets; thus, it could have lost around 42,000 vehicles.