Global sales of electric vehicles will increase from 2 million in 2020 to about 73 million in 2024, according to Goldman Sachs Research. It’s a market that is growing faster than the ability of EV supply chains to keep up.
EV supply chains are vastly different than those for gas-powered vehicles, with different suppliers, new freight lanes, and new production hubs. As a result, supply chain and logistics professionals in the auto industry must completely adapt how they manage logistics operations. Take a look at the keyways EV supply chains will change, and the logistics challenges these changes create.