The news feels like a cold shower for the many consumers who have been waiting many months to receive the vehicles they ordered.
As for those who have just placed orders for new vehicles, the news also renders the delivery schedules for their cars uncertain.
Ford Motor (F) has just said that the supply-chain problems hobbling many companies, but particularly vehicle manufacturers, are far from being resolved.
The covid-19 pandemic both prompted and worsened these difficulties. Societal lockdowns to contain the spread of the virus forced carmakers to halt operations at factories in certain regions. Semiconductor shortages forced them to suspend the production of certain models.
Russia's Feb. 24 invasion of Ukraine sent raw-materials prices soaring, which increased costs and sourcing difficult, particularly for electric vehicles. Both countries are suppliers of materials needed to produce EVs.