What percentage of consumers purchase new cars on a < 5 year basis? People who take out leases do, so there could be an uptick of these folks getting into EVs, but the majority of existing car owners aren't likely to hop over just to get on the EV train, I don't think, and the second hand car market is / will continue to be massive. I can't see a significant decline in gas vehicles for a decade or better, probably likely two before a significant portion of gas vehicles are off the road.