Carmakers boost output as semiconductor shortage eases
According to the Society of Motor Manufacturers and Traders (SMMT), factories made an additional 8,050 cars year-on-year during the month after two years of difficulty acquiring enough semiconductors. The chip shortage was largely caused by Covid-related supply chain disruptions and the increase in demand that followed the move to remote working. The ongoing trade war between the US and China also played a role in restricting supply. Last year, US commerce secretary Gina Raimondo warned that the sector would continue to struggle to meet demand through 2023. The SMMT report also showed that sales of hybrid and battery electric vehicles continued to increase, up 72.2 per cent year-on-year, accounting for two in five cars produced in the month. A survey of the body’s members showed that…