The global impact of pandemic lockdowns which is further followed by the Russian invasion of Ukraine creates a tough situation on supply chains. This impact severely spans various industries and sectors, whereas the automobile industry was badly affected worldwide. As a result of which, it forced the car makers to cut down their production lines within a moment. This is the time when the transition to EVs is gearing up the frequency. The cutting off of the production line will gradually lead to a great shortage. And hence according to the industry expert, Stellantis CEO, this shortage will remain to continue throughout 2023 as well.
Although, apart from such crises, the good news is that the production constraints are starts easing now. As semiconductor makers are quite able to sustain through the phase and start offering some sort of steady supply. On the other hand, as the demand is higher compared to supply, therefore it leads to higher prices. Another speculation is that things won’t normalize until the end of 2023.
Additionally, to add further another top executive from Volkswagen also predicted the chip crunch and shortage going to continue throughout 2023. It is worth mentioning here that in France, the decrease in chip shortage resulted in a decrease in overall sales of cars. This decrease in numbers is nearly 12% as compared to the beginning of this year.
Meanwhile, the automaker Tesla has recently unveiled the prototype of its AI humanoid “Optimus” robot. It shares certain AI software and sensors from its car “Autopilot” driver assistance feature. Tesla CEO- Elon Musk introduce this AI-enabled robot at the start of Tesla’s 2022 AI Day presentation. As per him, it cost less than $20,000 respectively.
