I think it's doing a disservice to ebikes to talk about power in terms of maximizing speed, instead of *maintaining* *safe* speeds. With 50 lbs of cargo and a 200 lb rider, 5 hp would let you maintain class 3 speeds uphill. That's why the class 3 spec in EU allows that power. The American regulation was written by an industry that wants to sell profitable toys, and the euro cycling advocates want to give people tools, specifically car and moped replacements.
It's also bad form to speak in terms of watts to make e-bikes sound more powerful and threatening then they are, which empowers the e-bike critics. Horsepower is what we use for road vehicles. 4000w is 5.3 hp.