Look Closer: Cathie Wood’s Ark Analyst Explains Why EVs Seem To Be ‘Entering, Not Ending, A Traditional Adoption Curve’

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Benzinga

Even as Wall Street bakes in a slowdown in electric vehicle adoption, Cathie Wood‘s Ark Investment Management asserted on Wednesday that the appeal for this vehicle category remains strong. Contrary Signal: Despite widely reported deceleration in sales growth from 113% in 2021 to 59% in 2022 and 28% in 2023, Sam Korus, Director of Research Autonomous Technology & Robotics at Ark, stated that this trend does not ring alarm bells for EVs. Market share data, according to Korus, offers a more insightful perspective on the health of the EV market than growth metrics. He noted that sales of gas-powe…

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