To enlighten investors on the impact of these breakthroughs and the opportunities they should create, we began publishing Big Ideas in 2017. This annual research report seeks to highlight

Autonomous Ride-Hailing
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We believe autonomous ride-hailing will undercut 
the cost of human-driven ride-hailing by roughly 
90% in the US and 50% in China.
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As a result, the demand response to inexpensive 
autonomous travel could be higher in developed 
countries than in developing countries.
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Platform providers, or companies that own the 
autonomous technology stack, should garner the 
lion's share of autonomous ride-hailing profits.
Demand Response Could Be Higher In 
Developed vs. Developing Countries
$0.50 
$2.00 
$0.25 
$0.25 
Didi
Uber
Human Ride-Hailing vs. Autonomous Ride-Hailing
Average Price Per-Mile in China vs. The US
Human Ride-hail
Autonomous Ride-hail
-50%
-88%

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Forecasts are inherently limited and cannot be relied upon. | For informational purposes only and should not be considered investment advice, or a recommendation to buy, sell or hold any particular security. 
Source: ARK Investment Management LLC, 2020 
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Autonomous Ride-Hailing
$190
$1,200
$40
$250
$5
$70
2025
2030
Estimated Operating Earnings Across The 
Autonomous Value Chain
(Billions, USD)
Platform Provider
Auto Manufacturer
Fleet Owner
Note: Values are rounded.
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Auto manufacturers with successful electric vehicle 
platforms, partnered with autonomous technology 
providers, could generate roughly $250 billion in 
earnings annually by 2030.
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Fleet owners that own, house, and maintain autonomous 
ride-hailing vehicles could generate roughly $70 billion 
in earnings annually by 2030.
•