Thank you.
As I've outlined in my remarks, the industry and CVMA members are investing billions into electrification. You're going to see more and more vehicles coming to market, and many of these vehicles are going to be built right here in Canada.
The challenge we're seeing with the government strategy is on the demand side of the equation. We're being very successful in building an EV supply chain here in Canada, but in order to achieve the targets that the government has set out, we have to help consumers make the switch to electric.
We know what those barriers are. They've been very well documented by government surveys and by industry surveys. It is the cost of electric vehicles. They are more expensive than gas-powered vehicles. As we've outlined, due to some of the supply chain challenges, you are actually seeing the prices increasing. On top of that is charging infrastructure. No one will buy an electric vehicle if they don't think they can charge it at home or access convenient public charging infrastructure.
While we're completely aligned with the government on the ambition to get more Canadians into electric vehicles, the government's approach is to introduce a regulated sales mandate to regulate the vehicles that Canadians buy. That is not the right approach. Leading jurisdictions around the world, the top four countries that are leading in ZEV adoption, don't use the regulatory sales tool to do that. What they've done is build comprehensive charging infrastructure and a range of incentives to help every Canadian purchase and make that switch to electric. We'd like to see more done on that. We have plenty of ideas on how to achieve that and ultimately work with the government to get to the sales targets that they have laid out.