In 2022, California adopted a law requiring all new cars, pickup trucks and SUVs purchased in that state to be either electric or hydrogen powered by 2035. The new regulation also established annual targets for the share of electric and hydrogen powered vehicles that auto makers must sell in the state, starting at 35% in 2026, ramping up to 68% by 2030, and 100% by 2035. New York State has already followed California's lead, adopting similar regulations shortly after California's announcement. Other states are considering adopting similar regulations. As more states follow California's lead, policy makers will assume responsibility for accelerating the shift from traditional gasoline powered cars to electric and hydrogen powered vehicles in the US. Evaluate the economic impact of moving from traditional gasoline powered vehicles to electric and hydrogen powered vehicles. Issues you may choose to discuss might include the cost of purchasing and operating a car, the economic impact of this shift on automobile producers, the cost of infrastructure, the potential for surplus or shortages, the impact of regulation on economic efficiency, etc. While there may be important environmental benefits related to this shift, please focus your report on the economic issues - not the environmental issues