Yes, exactly. h.264 on hw2.5 and h.265 on hw3.
“Running 2019.16.2 on a Model 3, Apple QuickTime's "Movie Inspector" shows H.264 (not H.265) format on TeslaCam files still within the .mp4 container.
Perhaps this format change was present earlier, then pulled, or was on an experimental firmware branch.
I have since learned that this change isn't about what software version you're on, but rather if you have HW2 or HW3. It seems that cars with HW3 are the ones that are encoding to H.265/HEVC - several people across different online discussions have confirmed this (although I know the plural of anecdotes is not "data").
Maybe this is the first concrete indicator (besides build date) to determine if you have HW3 or not?‘