The short version

Cathie Wood predicted on January 1, 2018: “…the demand for EVs should be orders of magnitude higher than current forecasts.” Verdict: Partially right. Global EV sales increased significantly from ~2 million in 2018 to ~18 million in 2025 (a 9x increase), exceeding many pre-2018 forecasts. However, the 'orders of magnitude' claim (implying a 10x+ increase) has not been fully met,…

Prediction by

Cathie Wood

On January 1, 2018

“…the demand for EVs should be orders of magnitude higher than current forecasts.”

Follow-up

Global EV sales increased significantly from ~2 million in 2018 to ~18 million in 2025 (a 9x increase), exceeding many pre-2018 forecasts. However, the 'orders of magnitude' claim (implying a 10x+ increase) has not been fully met, with EV penetration at about 20% of new car sales by 2025, rather than a more rapid acceleration.

From the High Caliber AI network — see the AI for PR module in the course.