106 Electric Vehicles Continue To Take Share From Internal Combustion Engine Vehicles Global Vehicle Sales Growth Internal Combustion Engine Battery Electric Vehicles 120% 113% 100% ES L IC 80% 70% VEH 59% 60% IC hange R C T EC nt 40% 33% 28% EL ce r e 18% P 20% 9% 1% 0% -2% -4% -4% -20% -15% -40% 2018 2019 2020 2021 2022 2023e Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, including EVVolumes.com, 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.