The auto industry overestimated EV demand this year. Now companies are scrambling.

• Automakers are scrambling to react to a shift in demand for expensive battery-powered vehicles.
• The EV segment has enjoyed a long period of exponential growth.
• But that pace of growth is slowing, leaving some wondering if carmakers pushed EVs too early.

Car companies talk a big game about the transition to electric cars. But behind the scenes, many of these automakers are scrambling to react to a change in demand for expensive battery-powered vehicles.