Car chip shortage

However, unforeseen events like global war might trigger such an event, although such a thing would have even worse consequences for a number of industries. According to Dziczek, claims that the car chip shortage was caused by automakers slashing their chip orders early in the pandemic is only part of the story.

Each country monitors the evolution of its order book and the delivery times of the vehicles ordered and can decide to suspend the taking of orders when these delays are too long.’ Stellantis, the supergroup that includes Fiat, Vauxhall, Citroen, Peugeot, Jeep and Alfa Romeo, has also been affected by the chip shortage.

Dziczek claims the shortage of microprocessors in the auto industry will last into 2024, mirroring other predictions made by industry insiders, most notably Intel CEO Pat Gelsinger. It’s possible the shortage could last beyond 2024 but we hope that isn’t the case.