As gasoline prices rise due to looming gas and oil shortages triggered by subsequent sanctions on Russia, observers are seeing heightened interest in electric vehicle stocks.
The situation is exacerbated by supply chain problems and a global shortage of semiconductors, which sees the growing demand for electric vehicles also met by increasing waiting times as automakers struggle to keep up.
In Australia, the wait time for a new Tesla Model 3 is five to seven months...
...and many automakers, with the exception of the BYD Atto 3 and MG ZS EV, are having difficulty supplying more than a few hundred new electric vehicles at a time. as they aim to launch new models in the local market.
As Bloomberg reports that the Tesla Model 3 has "broken the mold" when it comes to the values used, in France the wait time has now been pushed back to 2023.