Europe’s carmakers face growing competition from AI for vital supplies

AI Summary

A report warns that Europe’s carmakers are exposed to supply concentration in semiconductors and critical materials. The shift to electric vehicles is increasing competition with AI and data centers for these scarce inputs.

Europe's car industry is most at risk from its reliance on a handful of countries for chips and critical materials, according to a new report which warns that going electric is pitting automakers against AI and data centres for the same supplies.