We saw the same kind of thing with electronics. I'm old enough to remember Sony being the brand to have. But they never really made to jump to digital (or wherever you want to draw the line).
Problem is, EVs are disruptive. Many car companies don't want them because it involves too much change to how they want to do business. They'll try to change when it's too late.
I don't think that's the only element.
We saw the same kind of thing with electronics. I'm old enough to remember Sony being the brand to have. But they never really made to jump to digital (or wherever you want to draw the line).
Problem is, EVs are disruptive. Many car companies don't want them because it involves too much change to how they want to do business. They'll try to change when it's too late.