Well, the reality is that combustion engine vehicle producers also make EVs. They stand to gain as they bring more of their product into the market here in Canada.
The reality is that we want Canadians to have more choice in the vehicles that they can buy and lease. That's really what this is about. Merran said this earlier too. Once you drive an EV, you're not going to go back. They're better technologies. That's not a slight on gas-powered vehicles. It's just true. They're more efficient. They go really far. They're fun to drive. Once you realize that you can operate it for much less than you would operate your other vehicle, you're going to stick with it.
We're talking about a fairly short period of four, five or six years, and then we have eons to live. We're going to be into a world where the internal combustion engine is just not going to exist anymore, because it's not efficient. Better technologies win out over time.
The challenge for Canada is, how are we going to monetize that? How are we going to be part of this? If we don't act now, as I said in my remarks, we will lose out. We won't have an auto sector to defend. We won't be worried about tariffs and who's president of the U.S., because we'll have nothing to defend. We have to build the supply chain now. It's just the market speaking: 50% of vehicle sales in 10 years are going to be electric globally.
Canada and North America are not going to be immune from that shift, so what are we going to do now to prepare ourselves to make the things that the world is going to want?