A critical moment for Canada
Canada has all the ingredients—resources and expertise—to be an electric vehicle leader. But, without proper assembly, we might never get a taste of Canada’s true EV potential. As this Globe and Mail op-ed reads, “Without an ecosystem that allows for the creation of a market and industry for batteries, Canada cannot participate.”
The opportunities are abundant for those who seek them. Look at provincially-owned utility Hydro-Quebec, which hopes to convince Chinese manufacturers to integrate its EV powertrain into new vehicles—one of many examples of Canada’s cleantech export potential.
And there is no shortage of international examples. Take U.S.-based trade group NATSO, (which represents truck stops and plazas) and charging infrastructure company ChargePoint: together, they recently leveraged a billion dollars to increase EV adoption. And then there’s Tesla, which upset some pretty big apple carts last week when its share price took an unprecedented turn north. That means a purely electric automaker is currently the second biggest carmaker in the world by market cap. Let that sink in.