Thank you, Bruce. There are a couple of things. First and foremost, the electricity strategy is important to make sure that we protect Canadians. As electricity demand increases, we want to make sure that electricity prices stay at a reasonable rate. It's a big affordability issue. That's been our priority.
Second, we've been wanting to address the manufacturing part of the electricity front. What I mean by this is that I was at Tenaris in Sault Ste. Marie, and it's because of energy sector projects—linked, obviously, to the grid also—that we will be able to increase the demand for steel in Canada, in pipes and in tubes. The other thing is that we just announced in Quebec that Hitachi, also a very important Japanese company, is investing in Canada in order to do more transformers. I've been in conversation with other Japanese companies wanting to invest in Ontario to be able to continue that supply chain that is so important. I've also been in conversation with many major steel companies that are affected by the tariffs and are now looking to have a strong demand in Canada for their steel products in the context of the electricity strategy. Really, when you think about building Canada strong, that's what we mean.
To your question regarding EVs, I think by 2030, nearly half, or 40%, of all cars in the world will be EVs. That will have, of course, an impact here at home. We know that EV adoption is actually up. We know that Canada and North America need to be able to develop the latest and the best technology when it comes to the auto sector. We have always done that. We cannot be leapfrogged by other countries in the world. We need to be able to adopt these technologies. That's what Canadians are looking for. Because it will have an impact on the grid, we also need to increase our electricity capacity. That's why the electricity strategy is so important to attract investments. We're also working with the provinces and territories to be able to have a full sovereign grid across the country, from east to west.
Thank you.