Yes. When it comes to critical minerals, I raise this because I think, as we approach this review, one of the things that we want to do is approach the Americans with constructive areas where we can help them achieve their objectives and do so in an aligned North American fashion. Critical minerals are just one of those obvious places.
Right now, the EV and battery supply chain is dominated by China, and Canada happens to have the full suite of critical minerals in our ground here. However, we've done a very poor job of actually getting them developed and processed, so this gives us a huge opportunity to be important to the Americans, have some leverage at the negotiating table and ultimately achieve the EV objectives that have been established by governments around the world.
We're talking about over 380 mines required, yet production of Canada's suite of critical minerals has gone down virtually across the board in every sector over the past decade. That is a huge challenge and we need to reverse that if we want to succeed in this discussion and in this transformation.
On the competitiveness piece, the federal government deserves huge credit for the $40 billion in new investment we've seen in the auto industry. This is unprecedented, a huge success, but what we're seeing is that the government's industrial policy is totally disconnected from its environmental policy. We need investment yet we have an EV mandate that is completely disconnected from our U.S. partners, and it opens us to vehicles from other markets where there could be dumping occurring or illegal subsidization.
That disconnect is a huge problem, and it needs to be fixed before we get to the CUSMA review.