The industry's challenges, from chip shortages to rising inflation, are taking a toll on the dark science of forecasting.

Forvia, the supplier formed by Faurecia's acquisition of Hella this year, came into being in large part because of Faurecia's need to add more software engineers to its ranks.

The industry is scrambling to build millions of EVs, and battery producers are considering new processes and supply chains.

The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery sourcing requirements for automakers, among other rules.