Mr. Chair, if we listen to the CEOs who are writing down up to $25 billion because of EV losses and if we look at the thousands of job losses at the Brampton facility and the CAMI facility, I think it is very clear the EV market in North America is struggling. That is despite billions of dollars of promises from the Liberal government and hundreds of millions of dollars flowing. They are still struggling to make a go of it.
We see in North America that EVs do not really sell unless they are receiving huge subsidies from the taxpayers, so that is exactly what the Liberals are doing. They are doubling down on this failing strategy and have brought forward a $2.3-billion EV subsidy so that Canadian taxpayer dollars can go to those purchasing electric vehicles.
However, the reality is a lot of that money is not going to benefit the Canadian auto sector, which is struggling and needs the support. No, It is going to go to foreign-made electric vehicles, because Canada, despite all these promises and all this money, makes one, maybe two, eligible vehicles.
How is it that our auto sector is struggling, we are losing thousands of jobs, and the finance minister has brought forward a $2.3-billion subsidy that will largely go to benefit Donald Trump's American auto sector? How is he justifying benefiting the Trump auto sector when our auto sector needs the support?