The inevitable is electrification. The inevitable is an electric motor. Take the example of an electric vehicle that takes us from point A to point B. It will consume three times less energy than a gas-powered vehicle, which means that the performance has reached the next level.
In terms of costs, I would add that, in a few years, we will reach parity in terms of the purchase costs of electric vehicles. The subsequent operating costs will be much lower. That's where we're headed, and very quickly.
If we try to delay the advent of electric vehicles, for example, we are shooting ourselves in the foot. We are shooting ourselves in the foot when it comes to affordability for consumers and car owners. That's just one example.
Heat pumps are another example. Heating with a heat pump uses three times less energy than heating with a gas furnace. That doesn't mean we have to throw out all the gas furnaces right away. I would never say that. A lot of my clients are gas companies. However, when the technology reaches a point where it performs far better than the previous technology, we have to accept that technology. We have to pave the way for it and find a way to welcome it that will be beneficial for us.
