Electric Vehicle Start-Ups Latest Hype Targets
October 27, 2020
They have no products to sell yet, and little chance of generating much revenue any time soon, but several start-up companies trying to enter the electric vehicle race are already gaining major investors. Sound familiar? Overhyping new technologies has become commonplace, an independent consultant recently argued in Issues, cautioning that this irrational exuberance is causing economic losses and slowing innovation. He calls on investors and national policy leaders to recognize hype, avoid its negative effects, and evaluate the economic promise of emerging technologies in more realistic ways.