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

Electric Vehicles (EVs)
07
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Electric vehicles are approaching sticker price parity with gas-
powered cars. Leaders in the EV market are developing innovative 
battery designs to enable longer range vehicles at lower costs.
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Based on Wright’s Law, ARK forecasts that EV sales should increase 
roughly 20-fold from ~2.2 million in 2020 to 40 million units in 2025.
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We believe the biggest downside risk to our forecast is whether 
traditional automakers can transition successfully to electric and 
autonomous vehicles.
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Electric Vehicles (EVs)
EV Sales Should Accelerate Significantly

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Source: ARK Investment Management LLC, 2020, based on data sourced from: “Global Auto Sales Forecasts: Hopes Pinned On China.” Global Auto Sales Forecasts: Hopes Pinned On China, “Global Auto Sales Expected to Gain Momentum 
Next Year; 83.4 Million Light Vehicles to Be Sold In 2021, According to IHS Markit.” Business Wire, 17 Dec. 2020, www.businesswire.com/news/home/20201217005798/en/Global-Auto-Sales-Expected-to-Gain-Momentum-Next-Year-83.4-
Million-Light-Vehicles-to-Be-Sold-In-2021-According-to-IHS-Markit; Bekker, Henk. “2019 (Full Year) International: Worldwide Car Sales.” Car Sales Statistics, 16 Jan. 2020, www.best-selling-cars.com/international/2019-full-year-
international-worldwide-car-sales/. 
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Electric Vehicles (EVs)
While sales of gas-powered vehicles decreased during the recent COVID-19 pandemic, EV sales continued to increase globally.
Electric Vehicle Sales Have Taken Share In Good Times And Tough Times
-4%
16%
-15%
33%
-20%
-10%
0%
10%
20%
30%
40%
Vehicle Sales Growth
(Year Over Year)
Gas-Powered
Electric