Although electric cars are being heralded as the future of driving, waiting lists can be frustratingly long. This isn’t an issue isolated to Australia, there has been lengthy EV delays across the globe.
So what’s causing these worldwide waits? And if you’re eager to lease, finance or own an electric car, how long will you be likely looking at before you get to drive away in one? Let’s take a deep dive into what factors are influencing long EV delays.
A global semiconductor shortage
The coronavirus pandemic caused a supply chain crisis when vital semiconductor chip components fell into shortage in 2021. Outbreaks around Southeast Asia caused chip factories to close, triggering drastically restricted supplies. Furthermore, with more people around the world working remotely, orders for laptops and printers have surged, further contributing to the semiconductor shortage.
For car manufacturers, the knock-on effect meant having to suspend production, resulting in an inconsistent, limited supply of electric vehicles.
Analysts predict the semiconductor crisis will not start to ease until the second half of 2022, with some product delays continuing until 2023.
Skyrocketing international demand
As production of EVs fell, the demand for them skyrocketed. In 2020 global EV sales hit 3 million. In 2021, this increased by an incredible 108% to 6.75 million units. This is remarkable growth considering the ongoing pandemic.
In Australia, EV sales have tripled. In 2020, 6,900 were sold, dramatically increasing to 20,665 in 2021.
As drivers are making more environmentally conscious choices, and city centres impose tougher emissions controls, a post-petrol era beckons at lightning speed. KPMG estimates that by 2030 EVs will account for 50% of auto sales in the world’s major markets.
With momentum gaining on the EV supply chain, waiting times look set to finally drop.
Want priority in finding, financing and driving away an EV?
Want to beat the waiting lists? At ActewAGL we can help overcome global EV supply chain shortages with priority access via our extensive network.
With access to leading EV brands like Tesla, Polestar, Hyundai, and Mercedes-Benz, ActewAGL will help you source, negotiate and secure your next EV so you can drive away sooner.
Summary
- In 2021 the coronavirus pandemic triggered a worldwide shortage of semiconductors.
- The semiconductor crisis resulted in a limited supply of EVs around the globe.
- Global EV sales increased by 108% in 2021 to 6.75 million units.
- The lack of semiconductors available combined with the sharp increase for demand are the main causes of long electronic car waiting lists.
- ActewAGL’s extensive network can give you priority access to an EV.
Are you considering making the switch to an electric vehicle? ActewAGL can help you effortlessly find, finance and charge your EV. Discover how ActewAGL can support your transition to sustainable driving today.
