Green Economy
Marzo 25, 2022 - < 1 min

Psst… Want an electric car?

Electric vehicles have become a scarce commodity

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During this past year’s Super Bowl in February —the American football championship, which is the most-watched televised event in the world, with 112 million viewers this year—seven of the nine car commercials were for electric vehicles. The surge of EVs into the market is a reality, and this trend is now being further fueled by high gas prices. But the booming EV market faces a downside: there aren’t enough vehicles to meet the growing demand. According to Bloomberg, as of late February, there were fewer than 2,200 Mustang Mach-E models available in the U.S., while VW had just over 1,000 ID.4 models and Nissan had fewer than 950 units of its Leaf model. The same was true for hybrids, such as Toyota’s RAV4 Prime and Prius Prime models.

In part, the low availability of EVs is due to the same problem affecting the entire industry: the shortage of microprocessors. The result? The harsh realities of the market. The shortage has driven up prices for both new and used EVs; Rivian, for example, raised its prices by between 17% and 20% in early March.