Yes. Thank you, Chair. I had some Wi-Fi issues earlier.
I want to first pick up on this idea that was exchanged in the last round, that somehow incentives support vehicle purchases of $55,000 but not $25,000. They absolutely would. This notion is absolutely ridiculous. There is an upset limit. I want to clarify that for the record.
The other point that I think is important is the incentives to ensure that manufacturers are in fact investing in Canada. I come from Durham region. GM is here. Manufacturers across this country were on the verge of closing. All those workers would have been laid off if it weren't for electric vehicles and retooling in our country. I find it a bit rich, especially from the Conservatives, that they talk about taxpayers and protections but they don't seem to care about the workers who are actually making these vehicles in our community and in our country. I wanted to start off with that point. They forget that it's actually taxpayers receiving the benefits of these incentives, not to mention the environmental benefits as well.
On this point, I want to ask a question that perhaps you can answer, Mr. Adams. In some of our briefing documents, we have information that manufacturers could lose approximately $12,000 U.S. per vehicle just from retooling, resetting or re-establishing these vehicles within their fleet. One, is that a figure you would agree with? Two, do you or the industry have an idea of when that loss could over time be incorporated into the normal course of business, which would reduce costs overall and then reduce some of the need for these incentives to encourage manufacturers to move to electric vehicles?