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What the EV Industry’s Challenges Reveal About Innovation and Regulation

HBR IdeaCast

CHAPTER

Navigating the Electric Vehicle Revolution

This chapter explores the changing dynamics of the electric vehicle (EV) industry as consumer motivations evolve from early adopters to more practical buyers. It examines the challenges faced by traditional automakers in the wake of shifting consumer preferences and regulatory pressures while contrasting their fortunes with innovative companies like Tesla. The discussion highlights the urgency for traditional car manufacturers to adapt and innovate amidst rising competition and escalating tensions in the market.

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