Thanks for that.
This is something we've spent quite a bit of time trying to forecast out. Of the vulnerable sectors of the auto supply chain right now when we talk about transitioning, it's going to be in the powertrain segment of the industry. Engines and transmissions are going to change significantly.
Even forecasts of EV sales globally still project about half the market being filled by ICE vehicles. It seems like commercial trucks, for instance, are absent from these zero-emission vehicle mandates. We have to put that into perspective because Canada sources both the trucks and the cars. That's something that has to be on our radar.
The other piece is that as plants transition, as will happen with Oakville, we have to see how long these transition times will take in our next round of bargaining. I can assure you that, if this is going to be a two-year or a 16-month transition to get that plant retooled, there are going to be questions about income supports for those workers as they retrain and wait for these cars to come online.
This is front and centre. I think the act of collective bargaining gives us an opportunity to explore that. Certainly our employment insurance system and our training systems are going to have to be looked at more carefully.