The global auto industry is facing a difficult reset as consumer demand has grown more slowly than many automakers and suppliers projected during the post-pandemic surge. Companies invested billions in battery plants, dedicated EV platforms, and aggressive capacity expansion based on forecasts of rapid adoption, only to encounter price sensitivity, uneven charging infrastructure, higher financing costs, and consumer hesitation around range and resale value.
When the industry accelerated into electric vehicles, it didn’t fail because it misread the future. It failed because it mismanaged time.
Continue reading “The Three Horizons Framework in Action: Lessons from the EV Transition”