Software and Computer Chips Causing Car Prices to Rise

Episode 1805 (03:44)

IEEE

Software development and the use of computers in today's cars have contributed to the rise in car prices over the last few years. Leo says that up to 40% of a price of a car can be attributed to the development of car computers and software that operates them. Add to that, Leo says that the worldwide chip shortage, and not only are cars more expensive, but car manufacturers are making fewer of them.