I think we're in a good place with our existing automotive footprint and the recent investments that have been announced. Canada is very unique and fortunate to have five OEMs investing in building vehicles in this country. That said, we have both an opportunity and a challenge. The challenge is with the battery assembly. The size and scale of section 45X make it extremely challenging for Canada to compete for new investments in battery cells and modules.
The opportunity is in critical minerals. The U.S., particularly through the Defense Production Act, is looking to secure—and you have to look at this through a security lens—a North American supply chain for these inputs. Canada, through the lens of the Defense Production Act, is considered the domestic source.
If we get our act right and together on critical minerals, we will have a huge opportunity here in Canada.