If 100% of new vehicles sold are EVs and since we only sell 15-1

Avalon - If 100% of new vehicles sold are EVs and since we only sell 15-18M vehicles per year then it would take 15-20 years to replace the whole fleet of vehicles to EVs. Of course this assumes 100% replacement rate but we are currently at much less than 10%. The majority of vehicles on the road in 2040 will not be EVs. It’s simple math people.