ARK believes that an EV charging rate is a good proxy for overall performance, capturing the efficiency, range, and power capabilities of the system. In the past four years, charging rates have improved nearly three-fold, from 40 to 15 minutes for 200 miles of range. During the next five years, it could drop nearly four-fold to 4 minutes. As EV charging reaches an acceptable rate, ARK expects the industry to optimize for other features like autonomous driving, safety, and entertainment