Madam Chair, we are in the process of analyzing the provisions in the current Build Back Better bill. The provisions allow for, I believe, a $7,500 base tax credit for the purchase of electric vehicles. In addition, there will be a $4,500 tax credit based on where the vehicle is assembled. If it's assembled in the United States and if there's a battery built in the United States, there's an additional $500 tax credit. The whole $12,500 cash credit—and this is the most concerning part—will become available starting in 2027.
We have done an analysis, and the fact that it is based on the location of assembly we believe is a violation of the national treatment requirements in both CUSMA and the WTO, so we feel confident that, if a case was to be brought, Canada would stand a good chance of success.