It seems as though Polestar CEO, Thomas Ingenlath, has gotten frustrated with the pace of transformation to electric vehicles. In an Automotive News article this week (subscription required), Ingenlath does not believe in the risk of automotive companies moving too fast into electric vehicles. He believes the risk is with automakers moving too slow. He sees Tesla as an example of economic success which comes from betting on the correct technology. In fairness to traditional automakers, however, it’s a lot easier for Polestar as a new, fully electric brand (although part of Volvo and Geely) to make that bet. Other automakers have to balance the profit-making vehicles of today with engineering investments in the longer-term return of electric vehicles of tomorrow.
Polestar CEO is All-In on Electric
