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Benzinga
Benzinga
Business
Rachit Vats

Analyst Sees Battery EV Sales Rise Over 8-Fold In Next Five Years — Elon Musk Says He Senses A 'Trend'

Elon Musk Cathie Wood Ark Invest Tesla Inc. NYSE Sam Korus

Cathie Wood-led Ark Invest said on Monday global battery electric vehicle (BEV) sales will grow at an annual rate of 53% over the next five years.

What Happened: Ark research analyst Sam Korus estimates the global BEV sales will reach 40 million in 2026, from 4.8 million units in 2021, based on Wright’s Law.

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