Question: How fast can a species evolve?

Rate of evolution

The rate of evolution is a variable of considerable interest in evolutionary biology. It concerns the limits of adaptation to natural environments as well as the limits of artificial selection.
In domestication
Humans have created a wide range of new species, and varieties within those species, of both domesticated animals and plants. Other human activity also impacts evolution.[1]  This has been achieved in a very short geological period of time, spanning only a few tens of thousands of years, and sometimes less. Maize, Zea mays, for instance, is estimated to have been created in what is now known as Mexico in only a few thousand years, starting between about 7000 and 12000 years ago, from still uncertain origins.[2] In the light of this extraordinarily rapid rate of evolution, through (prehistoric) artificial selection, George C. Williams[3] and others,[4][5][6] have remarked that:
The question of evolutionary change in relation to available geological time is indeed a serious theoretical challenge, but the reasons are exactly the opposite of that inspired by most people’s intuition. Organisms in general have not done nearly as much evolving as we should reasonably expect. Long term rates of change, even in lineages of unusual rapid evolution, are almost always far slower than they theoretically could be. The basis for such expectation is to be found most clearly in observed rates of evolution under artificial selection, along with the often high rates of change in environmental conditions that must imply rapid change in intensity and direction of selection in nature.[3]
Evolvability

Evolution is imposed on populations. It is not planned or striven for in some Lamarckist way.[7] The mutations on which the process depends are random events, and, except for the "silent mutations" which do not affect the functionality or appearance of the carrier, are thus usually disadvantageous, and their chance of proving to be useful in the future is vanishingly small. 
Therefore, while a species or group might benefit from being able to adapt to a new environment by accumulating a wide range of genetic variation, this is to the detriment of the individuals who have to carry these mutations until a small, unpredictable minority of them ultimately contributes to such an adaptation. Thus, the capability to evolve is close to the discredited[8] concept of group selection, since it would be selectively disadvantageous to the individual.
Overcoming koinophilia

If sexual creatures avoid mates with strange or unusual characteristics, in the process called koinophilia,[9][10][11][12] then mutations that affect the external appearance of their carriers will seldom be passed on to the next and subsequent generations. They will therefore seldom be tested by natural selection. Evolution is, therefore, effectively halted or slowed down considerably. The only mutations that can accumulate in a population are ones that have no noticeable effect on the outward appearance and functionality of their bearers (i.e., they are "silent" or "neutral mutations", which can be, and are, used to trace the relatedness and age of populations and species.[9][13])
This implies that evolution can only occur when mutant mates cannot be avoided, as a result of a severe scarcity of potential mates. This is most likely to occur in small, isolated communities. These occur most commonly on small islands, in remote valleys, lakes, river systems, or caves,[14] or during the aftermath of a mass extinction.[13] Under these circumstances, not only is the choice of mates severely restricted but population bottlenecks, founder effects, genetic drift and inbreeding cause rapid, random changes in the isolated population's genetic composition.[14] Furthermore, hybridization with a related species trapped in the same isolate might introduce additional genetic changes. If an isolated population such as this survives its genetic upheavals, and subsequently expands into an unoccupied niche, or into a niche in which it has an advantage over its competitors, a new species, or subspecies, will have come in being. In geological terms this will be an abrupt event. A resumption of avoiding mutant mates will, thereafter, result, once again, in evolutionary stagnation.
Fossil record


Thus the fossil record of an evolutionary progression typically consists of punctuated equilibrium, with species that suddenly appear, as if by macromutation, and ultimately disappear, in many cases close to a million years later, without any change in external appearance. However, this is compatible with phyletic gradualism, because periods of a few tens of thousands of years can barely be distinguished in the fossil record: relatively rapid evolution will always appear as a sudden change in a sequence of fossils.[13][15][16] Charles Darwin indeed noted in On the Origin of Species that periods of change would be short compared to the overall existence of a species.[17] During each species' existence new species appear at random intervals, each lasting many hundreds of thousands of years before disappearing without a change in appearance. The exact relatedness of these concurrent species is generally impossible to determine, as seen in the evolution of modern humans.[16]



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