AUTO INDUSTRY

High demand and parts shortage ratchet up wait time for new electric cars

1:35 min
  • The wait time for a new electric car is about one year in Sweden due to higher fuel prices that increased demand as well as shortages of key components.

  • The Swedish Association for Motor Retail, Trades and Repairs says the global parts shortage has worsened further following the war in Ukraine.

  • And even though electricity prices have spiked recently in Sweden, car dealer Elida Fröhlin says buyers still want electric vehicles.