After increasing in response to supply chain disruptions, battery costs now are falling in line with Wright’s Law, leading to lower electric vehicle (EV) sticker prices. If robotaxi platforms proliferate, EVs could account for 95-100% of vehicle sales in 2030. ARK forecasts that electric vehicle sales will scale 33% at an annual rate during the next seven years, from roughly 10 million in 2023 to 74 million in 2030.
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