Electric vehicles (EVs) have surged in popularity due to rising environmental concerns and an increase in government subsidies (where the government pays a proportion of the costs of production). How does this change in consumer preferences and government policy affect the demand curve for EVs? Provide a demand and supply diagram for EVs showing the changes in this market. What will be the ultimate effect of these changes on the price and quantity traded of EVs? Explain your reasoning. [10 marks]