Need an EV? You could have to attend – TechCrunch

Surging demand for this yr’s most hotly anticipated EVs is smashing order books and lengthening waitlists.

The $60,000 Cadillac Lyriq SUV is the newest mannequin to shut its 2023 order e book. The automaker mentioned it has shifted the Lyriq’s waitlist to the 2024 mannequin, which continues to be open for orders.

However rising provide chain prices imply that prospects of the Lyriq and different EVs might pay tons of or hundreds of {dollars} extra for a car that arrives months later than anticipated. That’s very true for firms which have needed to slash their 2022 manufacturing forecasts as a consequence of element shortages.

It’s a situation taking part in out at firms from Tesla to Rivian to Ford. Longer-than-expected waitlists — and wait occasions as a result of state of the automotive provide chain this yr — has created a backlog of consumers annoyed with the delays.

Reddit is rife with feedback from disgruntled consumers whose estimated wait time has ballooned by months or postponed a number of occasions.

Stated one Rivian R1S buyer, “I pre-ordered mine final October and my anticipated supply date was first half of ’23. And that was earlier than Rivian drastically scaled again its anticipated manufacturing numbers by virtually half as a consequence of provide chain constraints.”

Tesla CEO Elon Musk issued a warning on rising costs and supply occasions throughout the automaker’s first-quarter 2022 earnings name in April.

“It might seem to be perhaps we’re being unreasonable about rising the costs of our autos, provided that we had file profitability this quarter,” Musk mentioned. “However the waitlist for autos is kind of lengthy, and a few of the autos that folks will order the waitlist extends into subsequent yr.”

Demand for the Ford F-150 Lightning is so sturdy that Ford needed to publicly handle its resale coverage, finally leaving the choice to the seller. The automaker has already doubled its deliberate annual manufacturing run to 150,000 autos.

In the meantime, fluctuating costs and availability of uncooked supplies and different commodities is forcing some firms to make fewer autos than deliberate. Lucid lower its 2022 manufacturing outlook to 12,000 to 14,000 items, down from its authentic plan to construct 20,000 autos. Rivian, too, might fall in need of the 20,000 items it projected at the start of the yr.

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