In an economy where the government implements a policy to provide substantial subsidies for electric vehicle (EV) production and purchases, what is the most likely short-term impact on the traditional gasoline-powered automotive industry and the overall carbon emissions from transportation? A. A boost in the traditional automotive industry due to competitive response and a significant reduction in overall carbon emissions. B. A decline in the traditional automotive industry and a gradual reduction in carbon emissions as the market shifts towards EVs. C. No significant change in the traditional automotive industry, but a rapid decrease in carbon emissions due to immediate adoption of EVs. D. A shift in investment from the traditional automotive industry to EVs, with a moderate impact on carbon emissions due to the gradual nature of market transitions.