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More signs that a major shift in the economic narrative could be underway

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Reuters

How a cheap component could help kill off combustion cars

The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant chunk of the world’s production, with wire harnesses made there fitted in hundreds of thousands of new vehicles every year. The supply crunch could accelerate the plans of some legacy auto firms to switch to a new generation of lighter, machine-made harnesses designed for electric vehicles, according to interviews with more than a dozen industry players and experts.

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