Thank you.
As we know, EV sales are growing exponentially. In 2024 about 20% of new cars sold worldwide were electric. The IEA, the International Energy Agency, says that about 25% of new car sales this year will be electric and they're projecting 40% of new car sales to be electric by 2030.
If global layoffs in the oil and gas sector are happening, does this have to do with the gluts of supply or reduced demand for oil, and what impact would this have in Canada?