That's an important question.
Now's the time. Most electric and “regular” car companies will go all in on the electrification of transportation within five years. It's the Kodak syndrome. Canada isn't lagging behind because it has an extensive ecosystem, but it has to seize this opportunity.
Lithium-ion and iron phosphate battery technologies originated in Canada and the United States but have unfortunately been transferred in part to Asia. Consequently, the federal government and the provinces must work together, and soon, to restore industrialization in the manufacturing sector, and for both sectors. As I said earlier, it has to create a budget and establish a policy and strategic plan. It won't be too late if we do that soon.
As I said earlier, Canada has an extensive ecosystem: natural resources, human capital, technology and its strategic position in relation to the United States and Europe. “Regular” car manufacturing is already well established in Ontario, as is truck, bus and other vehicle manufacturing in Quebec and other provinces.
In short, Canada isn't lagging behind, but it has to board the train as soon as possible.