It's quite simple. When you look at electric vehicle sales, you tend to focus on cars, but they also include trucks, transit buses and school buses. There are various types of vehicles, including electric and hydrogen vehicles.
The Quebec government has announced that it wants to have 1.5 million electric vehicles on the market by 2030. Quebec represents roughly 50% of the electric vehicle market in Canada and 23% of the market for light vehicles sold in 2019. We should multiply that figure by 4, but I've multiplied it by 2.5 to be more conservative. I have assumed that the rest of Canada will catch up to Quebec, but not necessarily reach the same level as Quebec or British Columbia. We multiply 1.5 million vehicles by 2.5 in Canada, which takes into account light vehicle and bus sales. The Canada Infrastructure Bank has a program for bus, school bus and charging infrastructure acquisition.
Then there are electricity sales. We did the calculation with Hydro-Québec on the weekend. We're talking about nearly $3.8 billion by 2030 in Quebec alone. If you add electricity sales across Canada, that amounts to approximately $9 billion.
All these costs and sales together represent roughly $190 billion by 2030. That's a lot of money, investment and employees.