Moody's Issues Warning on EV Transition's Impact on Auto Supply Chain Resilience In a concerning report, Moody's has highlighted the significant challenges that the transition to electric vehicles (EVs) poses to the auto industry's supply chain resilience. As automakers accelerate their shift towards EVs, the demand for traditional internal combustion engine components is dwindling, leading to a potential shortage of critical materials and expertise. This shift could have far-reaching consequences for the entire supply chain, from raw material suppliers to manufacturers of EV components, and could ultimately impact the financial stability of companies that fail to adapt. With the global EV market expected to reach unprecedented heights in the coming years, Moody's warning serves as a timely reminder of the need for the auto industry to prioritize supply chain resilience in the face of this seismic shift.
EV transition challenges auto supply chain resilience, Moody’s says Supply Chain Dive
