joining us now is emmanuel rossner, deutsche bank auto analyst. a meltdown, not just a slow down.ompanies have planned massive investment on the premise of much faster adoption of evs. this is not playing out. now we're hearing from corporates that they're pulling back or canceling all together these investments. just last week ford basically said they're not going to spend 12 billion out of the 50 billion they were going to spend in evs. gm pushed out a second ev factory by about a year. they're pushing out some new moe dells and they're going to be launched later on. it is essentially a real meltdown of expectations which has resulted in a meltdown of stock prices >> what could change that picture? i would think way higher gas prices might change that picture for one thing. more affordable evs might change that picture for number two. am i on the right track there? >> you're definitely on the right track there. affordability is the name of the game this is what's crucially lacking from evs right now evs are more expensive on their commercial side. early adopters didn't care and