Finance committee  Yes.

Finance committee  Mr. Giroux filed a formal information request to Environment and Climate Change Canada to obtain the underlying economic impacts related to the emissions reductions that the government published related to carbon pricing back in late March or early April. They provided us with their estimates on real GDP, on labour income, on capital income, and they indicated on the response form that these were confidential and that we could not disclose—

Industry committee  Thank you for your question. In the scenario we looked at, those sales targets for Canada were consistent with the government's announced EV mandate for 2030, and we didn't go beyond to 2035 for the light-duty vehicles. That sort of policy change would have been reflected in what we're calling scenario three, which is what the government used in its calculation for the break-even, so they would be consistent with that policy.

Industry committee  They didn't predict it, but the assumptions they used are consistent with that policy. Maybe they had advanced information or had some targets in mind, but the target of, I believe, 60% of light-duty vehicles in 2030 is what they have as their sales target for Canada.

Industry committee  For our estimate, we included that in scenario three, so it would be consistent with meeting those targets in 2030.

Industry committee  In response to that information request, we posted the ISED response or the minister's response, which was copied, on our website. I would just refer you to that as it gives more detail related to the statement of the $200 billion in value.

Industry committee  The quote we asked for, I think, only included the $200 billion.

Industry committee  Thank you for the question. Upon request, ISED provided us with the methodology and the data they used to determine the break-even rate for Volkswagen for the initial announcement. Based on their numbers, they came up with a break-even rate of 3.3 years. That was consistent with the government's less-than-five-years payback that the minister announced.

Industry committee  Yes, that was part of the request that they provided the information for, but that wasn't directly part of our analysis in the report that was published.