124 Autonomous Ride-Hail Is Likely To Increase Access To Convenient Point-to-Point Transportation Adjusted for inflation, the cost of owning and operating a personal car has not changed since the Model T rolled off the first assembly line more than 100 years ago. ARK estimates that autonomous taxis at scale could cost consumers as little as $0.25 per mile, spurring widespread adoption. Cost Per Mile Of A Personally Owned Vehicle (2020 $) IS $1.70 X A T O B RO $0.70 $0.70 $0.70 $0.25 2030 1871 1934 1950 2016 2021 Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, which may be provided upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.