Insights

The Hidden Business Impacts of EV Credits

Friction in the Transition to EV

As futurists working with companies to understand the impact of climate change on their businesses, we are analyzing the second- and third-order impacts of the components of the Inflation Reduction Act (IRA). Take one component of the IRA as an example: the electric vehicle (EV) credit. While the credit’s intended consequence is reduced U.S. reliance on carbon-based fuels, the second- and third-order consequences of the EV credit will cause friction as our nation transitions.

This friction comes from what Alvin and Heidi Toffler termed forces and anti-forces; these are conditions that either help (forces) a disruptive event occur or create limits (anti-forces) for its occurrence. To get smart on these next-level implications, we asked our fellow futurist Jennifer Karppinen to share her insights. Jennifer’s thinking shows us that the EV credit creates new pathways for our nation and our industries. And, with those new pathways come uncertainty. Read the full article here.

 

About the Authors

Jennifer Karppinen

Jennifer Karppinen is experienced in helping leaders navigate uncertainty at the intersection of technology and business. With a background in systems thinking, strategic intelligence, and experience design, she has advised clients in energy, retail, media and telecommunications, health care, and financial services. Jennifer holds an MBA from Emory University’s Goizueta Business School and a B.S. in Mechanical Engineering from North Carolina State University.

Related Topics

Insights

Navigating Manufacturing’s Incremental Future: Key Findings for Industry Leaders

Manufacturing is no stranger to change. From the dawn of mechanization to today's data-driven automation, producers constantly adapt processes and business models. However, revolution tends...
Insights

Tech Scanning: Unlocking the Future for Strategic Advantage

In today's rapidly evolving technological landscape, staying ahead of the curve is paramount for organizations seeking to maintain a competitive edge. Enter tech scanning—a comprehensive...
Insights

TCFD Reporting Best Practices

Climate Scenario Analysis means assessing your organization's risks and opportunities tied to climate change. In this article, Dan Fukushima explains the steps your organization...