Daniel Yergin

Well, I think that's part of it.

I think I'm just reflecting on that.

I think that's part of it.

It's part of what consumers want.

I think that the notion that there would be this big pickup in electric cars hasn't occurred here.

In Europe, I think it's about 20%.

Then you go to China, and of course, it's much higher because not only are the price point, but also government policies of all kinds.

You're not going to get a license for a new car in Beijing unless it's an electric car.

But here's some numbers that may not be clear.

I mean, we were looking at this when we were doing our copper study because electric cars use almost three times as much copper as a conventional car.

And it turns out that in 2025, about 23 million, 22, 23 million electric cars were sold worldwide compared to the entire U.S.

new car market of 16, 17 million cars.

new cars.

So you see that it's happening worldwide.

Now, a big portion of them are in China.

But China is also really, you know, they have reoriented their exports much more to outside the United States and even Europe to the developing world.

And they're going to really be pushing their electric cars.

But of course, you do need reliable electricity supplies if you're going to have penetration of electric cars.

They would do scenarios about it, but assume that all these things could happen, but not that.

Well, I think it was the war.