AlixPartners estimates carmakers have committed $526 billion to go electric and if they do not proactively address supplier problems they could end up spending another $70 billion to fix them.
Suppliers making key components could get rescued, but carmakers cannot afford too many bailouts, Wakefield said.
Evtec's Parker said with an investor backing its transition, in the short term the company is looking to"plug the gaps" in revenue. Earlier this year, when an Israeli supplier folded, Evtec took over some of its business. As suppliers struggle after two years of pandemic, supply shocks and inflation, Parker expects more such opportunities.
"If you can hang on long enough, others will potentially drop out," Parker said."Then you've got more chance of picking up business."
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