I showed you that STM is aiming to get a 12-metre bus with a decent range by 2025. This is not out of nowhere: it's a consensus that we have with international experts from the industry and from our involvement in UITP, a consensus with STM and other big operators around the world. We have a battery industry in every country, and we're very confident of this figure, that 2025 will be it. Maybe it will be 2027 or....
In Quebec we have IREQ. I don't know what it is in English. It's the research centre from Hydro-Québec. They already have a battery that can do the job, but it's a prototype. It costs so much. We cannot put that in a bus today because it's not readily industrialized. But it's a 10-year process, and maybe we're three years into it. I'm quite confident that within less than 10 years we can get more than 300 kilometres out of an electric 12-metre bus. Then it will be interesting.
You have to understand that there's no challenge with doing the traction. Electric traction is very old; it was in the streets of Montreal in the 1940s. It's only a matter of the batteries and whether we can get energy sources that can be stocked somewhere. We're getting there. My comment was about the amount of money that they put into the battery industry now.