EV transition could add $48 billion to economy, but only 'if Canada plays its cards right'

Canada needs to invest wisely to ensure it adds valuable jobs in key supply chain areas, report says. Read more.

all new vehicles to have zero emissions by 2035. That gives automakers less than 15 years to completely reinvent a supply chain that has grown up over the past century for internal combustion engine cars.

One of their key findings is that Canada needs to invest wisely to ensure it doesn’t end up merely exporting unrefined raw materials, but adds valuable jobs in key supply chain areas such as battery cell manufacturing. Forecasting economic growth in any sector is notoriously tricky, and accuracy is generally acknowledged to decline as one looks further into the future.

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