Toyota Production Snags 'Far Beyond Just Microchips': Exec

The video discusses the impact of the chip shortage on the automotive industry, highlighting supply chain disruptions in Southeast Asia and Europe. It covers the challenges faced by dealers in managing inventory and the industry's response to high demand despite production cuts. The discussion extends to long-term solutions, including domestic chip production and addressing COVID-19 impacts. The video also examines the used vehicle market, predicting elevated prices until new car inventories normalize. Finally, it addresses the Biden administration's EV mandate, with Toyota's commitment to increasing electrified vehicle sales by 2030.

What are the long-term solutions proposed to address the supply chain challenges?

How does the demand for used vehicles relate to the current new vehicle supply issues?

What is Toyota's position on the new EV mandate from the Biden administration?