2021-02-09 Cathie Wood: EVs Half Of All Cars Sold In 5 Years And Other Predictions

Cathie Wood talks about EVs at about the 20 minute mark in this YouTube video. The first part is economics.

She talks about digital wallets. She thinks 200 million digital wallets in the US, and it will put financial institutions in harm’s way.

As part of automation, she talks about autonomous ride hailing. She says [not autonomous] ride hailing today is about $150 billion market. She believes it will grow to $6 to $7 trillion market by 2030, and at that point, about a trillion dollars in operating income. There will be less need for an individual to own a car. She says that if Tesla is right, 20% of miles driven in N. America will be autonomous by 2025.

She believes that by 2030, 19% of food deliveries will be by drones. There will be a reduction in costs of package delivery.

She says, “In the genomics space, we focus on long resequencing, which will be transformational.”

She says the new way is allogenic (the old way is autologous) transplantation. It will be a $250 billion opportunity in the next 5 to 10 years. The donor will be another person’s blood or organ.


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