Thanks.
Mr. Adams, I was looking through your notes. On the one hand, you're saying that supply will lag demand. I think this gets a little bit to the point we were just speaking about. You said that supply will lag demand “for the immediate future”, and therefore having short-term regulatory interventions is “out of step”. But in your recommendation three, you want the government to re-fund the ZEV incentive program.
To me, those are inconsistent. If the issue is that there is more demand than supply, then why do we need an incentive for that? The demand is there. The cars will get bought. People have the money to buy the Teslas. Why do we need the incentive program at all?