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Auto Industry Deals With Shortage of Semiconductor Chips | KOA NewsRadio 850 AM & 94.1 FM

Apr 15, 2021
A technology bottleneck is becoming a serious problem for auto makers and car dealers. There is a global shortage of semiconductor chips, which are used in everything ranging from power steering to dashboard functionality. President Biden has called for a $2.3 trillion infrastructure plan that includes a $50 billion investment in semiconductor manufacturing and research.
We discuss the implications of the shortage and what it means for car buyers and sellers with Tim Jackson, President and CEO of the Colorado Auto Dealers Association. ....

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Pros and cons of buying an electric vehicle in 2020 vs. 2021

Tesla’s electric vehicles (such as this Model 3) have long set the pace in the EV market, and they enjoy their own network of charging stations.
Credit: Benjamin Westby
With electric vehicles gaining market share and popularity, Colorado consumers are increasingly faced with tradeoffs. One such tradeoff presents itself this month as a key state tax credit is set to decrease significantly after Dec. 31.
The dilemma boils down to this: Buy an electric vehicle (EV) before the end of the year to save an extra $1,500? Or hold off until 2021, when a host of new models – including some electric trucks and SUVs – are expected to hit the market? ....

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