(1-minute read) Electric vehicle (EV) sales have increased every year since they've been on the market. But the chip shortage is standing in the way of EV mass adoption.

September 01, 2021 Want an Electric Vehicle? You May Have to Wait By Jay Goldberg, Assistant Managing Editor Dear Paul, Electric vehicle (EV) sales have increased every year since they’ve been on the market. But the chip shortage is standing in the way of EV mass adoption. The chart below shows that the average gas-powered car has about $400 worth of semiconductors. EVs require a lot more chips, both for power (light blue) and non-power (blue). A partial hybrid needs $550 in chips, while a full hybrid or battery EV has almost $800 worth of semiconductors. That means an automaker can build two gas-powered cars for every EV. The chip shortage is causing huge delays for the global auto industry. Last month, Ford said customers that ordered its Mustang Mach-E EV would need to wait at least six additional weeks. Meanwhile, Tesla has struggled to find enough chips for its popular Model S and Model Y EVs. Its customers have reported delivery delays of weeks or even months. Volkswagen, Honda, General Motors, Nissan and Toyota have all changed or cut their production due to a lack of semiconductors. Ford even had to shut down one of its factories earlier this year because it couldn’t get the needed chips. But the semiconductor shortage won’t last forever. Right now, chip manufacturers are cranking up production. According to the Semiconductor Industry Association, it typically takes 18 to 26 weeks to make a computer chip. That means more chips will arrive in late 2021 and early 2022. At that point, EV production can finally get back on track. And in a brand-new presentation, Ian King highlights one company that will benefit once the EV supply chain kicks into full gear. You can watch it now by clicking here. Regards, Jay Goldberg Assistant Managing Editor, Banyan Hill Publishing [MUST SEE] Electric Car Companies Are Toast Without This Material Without this strange material, most electric vehicles will not work … and the industry's 12x growth won't happen. And only ONE company in the entire Western Hemisphere supplies this critical material on a such massive scale. Click here now for more details. This Supply Crisis Could Cause Problems for EVs Biden's Executive Order Is Boosting This Electric Vehicle-Related Company The Gas Guzzler Is History Washington Is "Canceling" Gas Cars     Privacy Policy Smart Profits Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Smart Profits Daily emails, click here. To ensure that you receive future issues of Smart Profits Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Banyan Hill Publishing expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Banyan Hill Publishing, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail. (c) 2021 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096)