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EV Adoption Across the Globe?
Europe and China have similar adoption rates in terms of volume around 15 to 20% of new vehicles sold over the last 12 months. But then in the US, we have tended to be a lot lower in terms of adoption. So it's sub 5% of new vehicle sales are actually electric. Now that is changing and changing quite quickly. When you have the introductions of electric pickup trucks within the next 12 to 18 months from the Detroit 3.