I'm old enough to remember when the vehicle manufacturers resisted seat belt laws, saying that was going to destroy the industry, and then it was catalytic converters that were going to destroy the industry. They're a very conservative body and they like to stick with what they know, which makes sense. They also like to keep competitors out. I think, as one of your previous panel members was saying, these guys like to keep out the competition and the alternative. That's why we needed laws for seat belts and for catalytic converters.
They're going to resist change whenever they can, because they want to stick with what they know. For the industrial carbon price or even the old-fashioned CAFE standards, they're really good at tweaking and getting incremental change in the existing system, but when you're trying to actually change the system, like a switch from gas-powered vehicles to electric vehicles, you need a much more comprehensive approach.
This point was made really well by one of the other panellists. He said they will build the number of chargers that they know are going to be guaranteed based on the number of vehicles in this law, and in the same way, companies always say they want certainty to make long-term investments. This provides that long-term incentive. It says, “This is where we're headed. If you make these investments, you're not going to lose your money.” That's really important, and I think Canada should stick to its guns on this and move forward with that transition to electric vehicles, which is happening all around the world.
Donald Trump is trying to hold it back, but if we're looking to expand our trade and integrate more with the rest of the world, we need to skate to where the puck is going to be, not where it is right now or where Donald Trump is trying to put it.