In its weekly newsletter, Cathie Wood’s ARK Investment Management has argued that electric vehicles are likely to capture a much higher share of the market than the fund forecast earlier.
Instead of 48 million units, EV sales would scale eight-fold from 8-9 million units this year to roughly 67 million in 2027, said Sam Korus, Director of Research, Autonomous Technology & Robotics at ARK.
However, ARK has also stated that several forces could derail this forecast.
“Perhaps because of materials shortages or technology issues, EV production will not be able to scale that quickly. Perhaps a severe decline …
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