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Wright's Law also has helped us forecast how quickly the demand for #EVs would scale. Three years ago, the EIA and other forecasting agencies were expecting 200-300,000 EV sales in 2022. Last year, global EV sales were 1.45 million.
Three years ago, ARK's forecast for EV sales in 2022 looked ridiculous at 17 million. Our forecast has not changed. The EIA's forecast for 2022 has gone up >10-fold to roughly 3.5 million and, if Wright's Law is correct, it will have to increase its forecast another 5-fold.
Wright's Law works!
