109 Wright’s Law Points To Faster EV Charging Rates The EV charging rate seems to be a good proxy for overall performance, including efficiency, range, and power. In the past five years, charging rates for 200 miles of range have improved nearly three-fold, from 40 minutes to 12, and could drop another three-fold to 4 minutes over the next five years. As EV charging reaches acceptable rates, manufacturers are likely to optimize for other features, including autonomous driving, safety, and entertainment. EV Charging Rates For 200 Miles Of Range ES Historical Data Points 2027 Forecast L IC 10,000 VEH s 1915: 2,314 minutes e IC t 1,000 R inu T s M e EC il 2018: 40 minutes f M 100 EL O r 1999: 188 minutes 2022:15 minutes e b 200 10 m ge u 2021: 20 minutes N har 2023:12 minutes icalC 1 t To e 2027(e): 4 minutes r o 0 he T 0 1 10 100 1,000 10,000 100,000 1,000,000 10,000,000 100,000,000 Cumulative Units Of Electric Vehicle Production 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.