Examine This Closer: Ark Analyst Discusses Cathie Wood's Reasons for Believing EVs are on a Traditional Adoption Curve

Quick Summary:

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.

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.

Market share data, according to Korus, offers a more insightful perspective on the health of the EV market than growth metrics.

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Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Top Stories KARS EVs Equities News ARK Invest Analyst Color Benzinga Stories That Matter Tech Expert Ideas Mobility Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-11 @ 07:21:26 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 20663420

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