Well over a year into the semiconductor chip shortage, automakers are still struggling to keep new vehicles on the lot while prices for those vehicles soar for consumers.
General Motors temporarily halts production at its Fort Wayne facility, new Teslas will not be eligible for California state rebates, and a Vietnamese EV manufacturer plans a $2 billion facility for the U.S.
Toyota officials say the company is unlikely to reach its goal of manufacturing 9 million vehicles this fiscal year due to the ongoing semiconductor chip shortage.
U.S. Commerce Secretary Gina Raimondo on Monday said the country won't meet its widespread EV adoption goals without significant investment in semiconductor chip infrastructure.