Tesla-Bull Cathie Wood’s Ark Invest Sees 95-100% Of All Vehicles On Roads As EVs By 2030, Predicts A ‘Death Spiral’ For Legacy Automakers

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Cathie Wood-led Ark Investment Management sees electric vehicles accounting for 95-100% of vehicle sales in 2030 if robotaxis gains traction and believes EV giant Tesla Inc (NASDAQ:TSLA) is best positioned amongst rival players to ramp robotaxis. What Happened: ARK sees electric vehicle sales scaling at the rate of 33% annually over the next seven years to touch 74 million in 2030, aided by easing supply chain disruptions and subsequently lowering EV prices. The investment management firm lists electric vehicles among the many developing technologies that might displace older technologies and …

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