VDIK: Chip shortage with “severe consequences” for the car market – recovery expected in 2022

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Because of the global shortage of microchips, many manufacturers have to cut back on production. The car association VDIK warns that this has severe consequences for new registrations. After all, things are going uphill with electric cars.

According to estimates by the importers’ association VDIK, the German car market will collapse even more than feared, slowed down by the shortage of semiconductors. This year, 2.6 million new cars are likely to be registered, the Association of International Motor Vehicle Manufacturers forecast today. That is a decrease of eleven percent compared to the Corona crisis year 2020 and the lowest level since reunification. Measured against the strong pre-crisis year 2019, when a good 3.6 million new cars were registered, the market would lose around a million cars.

The hope of recovery has been disappointed, said VDIK President Reinhard Zirpel in Bad Homburg. However, the problem is not on the demand side. “Customers wanted to buy more cars than the industry could produce.” The semiconductor shortage hit the industry with full force.

In the new year, the VDIK expects the market to recover to around three million new cars, an increase of 15 percent. The prerequisite is that the supply bottlenecks for chips and other parts normalize.

Hardly any function in modern cars is conceivable without microchips – be it drive trains, exhaust systems, safety and assistance systems or infotainment. The semiconductor shortage is causing delays and production restrictions in the industry.

In contrast to the overall market, electric cars and plug-in hybrid vehicles are experiencing a boom, albeit less so than expected, said Zirpel. This year the VDIK expects 340,000 newly registered battery cars and 320,000 hybrids. The total of 660,000 corresponds to an increase of 70 percent compared to the previous year. However, the overall market share is still small at around a quarter. In the coming year, the VDIK expects around 850,000 new e-cars.

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Last summer, the existing purchase premium (environmental bonus) was increased through an “innovation premium” – the federal government had doubled its funding for the purchase of an electric vehicle. Since then, new registrations of e-cars have risen sharply.

The VDIK now welcomed the fact that the Ampel-Coalition intends to extend the innovation premium until the end of 2022 according to the coalition agreement. The SPD, Greens and FDP want to melt the funding afterwards and only support hybrids that demonstrably contribute to climate protection – defined by an electric driving portion and a minimum electric range. VDIK President Zirpel warned against an excessive decrease in the environmental bonus. Environmentalists have long criticized the fact that hybrid cars are subsidized, although they are rarely driven electrically in everyday life and thus hardly save any CO₂.

The VDIK represents the interests of international car and commercial vehicle manufacturers in Germany. According to the association, these include 38 brands with a market share of around 40 percent.


(fpi)

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