GM's decision to kill its hybrid program in the early 2000s was a far bigger strategic mistake than the EV1 fiasco, because they walked away from the hybrid market just as it took off, letting Toyota become master of the hybrid market and gain an enormous image boost from the Prius despite GM's technology being at pace with Toyota's at the time.

causalpending

Speaker

Jonathan Rauch

Evidence Quote

this is a much bigger mistake than the easy one eveyone's was a public-relations mistake but killing the hybrid program was a strategic mistake

Source

Jonathan Rauch on the Volt, Risk, and Corporate Culture 09/01/2008EconTalk
Created: 6/16/2026, 2:36:26 PM

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