Corporate Executives "Believe" The Bullshit Their Fellow Scammers Sling

Over the past several years, there have been a sequence of PR driven hype bubbles. The gist of the narrative is X is the next big thing that will replace everything else. It will be the most important thing in the world and will "disrupt" everything else.

Some of the hype is industry specific and mom and pop people don't really hear about it in detail. Other hype bubbles, like the AI bubble are hyped to the max and everyone is involved in the bullshit storm.

For example, the MRNA based "vaccines" like the COVID shots were supposed to be able to cure cancer, and blah blah. It was hyped to the max. People were forced to take it, or they might lose their job or whatever. Then it didn't really work that well. In short order, everyone knew it wasn't that great and the hype was all forgotten in less than a year.

EVs were the panacea fix for everything. There would be a battery powered motor in every machine, big or small. It would solve all the world's problems. blah blah blah. It didn't really work out like that obviously. Tesla became quite successful in its niche. Lots of other forms of EVs also grew. There's EV dirtbikes, unicycles, skateboards, and on and on. Rather than a "disruptive" thing that would wipe out all other types of transportation, it's a new category of consumer products.

AI is the prime example though. It's been hyped to the moon, but it's sort of already fizzling, even before some of the AI startups manage to milk the gullible public with IPOs.

The interesting thing about these hype bubbles is many of the supposed insider, in the know people go along with it. Ford, for example, went all in on EVs, but that flopped for them. Companies like Honda and Toyota could see EVs weren't really ready.

So why did the Ford executives get suckered by the very typical hype of EVs so they'd effectively panic and waste billions of dollars?