I too want to close with talking about the economic opportunity.
Electric vehicles save Canadians money. On average, they'll save about $2,000 per year because electric vehicles cost less to fuel and maintain than internal combustion engine vehicles.
Economy-wide, zero-emission vehicles present a huge opportunity for Canada. Yes, it would be helping to prepare Canada's auto sector and to position it to compete globally in a world that's transitioning to electric vehicles, but it goes beyond that. We have all of the metals and minerals we need to build electric vehicles here in Canada, and we have a very strong auto parts supply chain that is showcasing its readiness to feed into electric vehicle production. We have world-leading battery researchers here in Canada and highly skilled labour and charging infrastructure providers. Even all the way to the end of life of the supply chain, we're leading in battery recycling start-ups, such as Li-Cycle in Ontario and Seneca in Quebec.
There is a real opportunity here. Canada needs to act fast to put the right policies in place now, or else we will risk missing out to these other countries that are.