Cathie Wood

Global annual electric vehicle sales will grow from 2.2 million (2020) to 40 million in 2025.

“So we think that 2.2 million will be 40 million in five years – in 2025.”

Said on

19 August 2021 · CNBC "TechCheck" interview transcript; she added "No one is forecasting that."

Source

CNBC Transcript: ARK Invest Founder & CEO Cathie Wood Speaks with CNBC's "TechCheck" Today · CNBC

Should come true

2025

How sure they sounded

we think

Categories

TechnologyEnergy

Importance

3 of 5 · EV adoption at that pace would reshape the global auto and oil industries.

Outcome

Inaccurate

The IEA's Global EV Outlook 2026 reports that electric car sales grew about 20% in 2025 to just over 20 million, roughly half the 40 million she forecast.

Evidence:

• https://www.iea.org/reports/global-ev-outlook-2026/trends-in-electric-cars