It's too soon to tell on America. In Germany sales pulled back temporarily after the loss of subsidies -- most people who were looking at buying an EV pulled

It's too soon to tell on America. In Germany sales pulled back temporarily after the loss of subsidies -- most people who were looking at buying an EV pulled their purchase forward to before the subsidy went away but then after a while growth resumed. 2025 EV sales in Germany without subsidies were higher than 2023 EV sales with subsidies after being down in 2024. I expect the same thing to happen for 2027 US EV sales. In Japan, it's more a matter of not having good domestic options. Japanese people don't buy non-Japanese cars. When the Leaf was selling well world-wide, it sold well in Japan. But it's been a few years since the Leaf sold well anywhere. Now with good Toyota options and spiking gas prices I expect EV's to pick up in Japan. Nowhere is more dependent than Japan on the straight of Hormuz.