Hearted Youtube comments on Farzad (@FarzadMediaINC) channel.
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Innovator's Dilemma is a great book, and I recommend it to anyone trying to understand the EV transition. Christensen's point (drawn from watching paradigm transitions in computer storage) is that it's precisely the strengths of market leaders that render them unable to follow during a technology transition. They are late to recognize the need to change, and the fact that new tech offers low profitability in early years means the market leaders won't invest in it till too late, by which time they can't catch up. Compounding this is the fact that the incumbent companies are structured around the old tech, and transitioning will require they cannibalize much of their core assets, which is politically impossible for them to do.
One thing I've been saying is that the next mass market ICE OEM that transitions successfully to a profitable EV OEM will be the first, because none have managed it yet. It's not clear that it's even a thing that can be done. Tesla never had an ICE business, and Ford, GM, Toyota, Honda et al are just starting to do EVs, probably at a loss for the time being.
One other point I'd throw in here is that Ford and GM won't just be competing against Tesla and other incumbent OEMs. In the next five years I expect a massive invasion of Chinese EVs made by giant Chinese manufacturers that most Americans have never heard of. These new EVs will be cheaper, but high quality products, and they may devastate the industry the same way the Japanese imports of the 70s devastated the US domestic OEMs.
Anyway, great video, can't wait to see what else you come up with.
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