(Toronto) Major players in the auto industry say the need for Canada to tackle the transition to electric vehicles is becoming more urgent as money begins to flow into the United States in the form of significant government incentives.
Speaking at an electric vehicle conference in Toronto on Wednesday, GM Canada president Marissa West said the sense of urgency could not be understated as the automaker seeks to secure its mineral capabilities. and construction for years to come.
According to Mme West, Canada has a significant advantage in renewable energy supply, but the speed of project approvals and inconsistent policies between provincial and federal governments are obstacles.
Tant Mme West that Linamar CEO Linda Hasenfratz stressed the need for government support to balance the funding provided in the United States, with the Inflation Reduction Act.
Canadian industry stands to benefit from many aspects of U.S. law, but Mr.me West said certain aspects, such as manufacturing capacity, will particularly need the Canadian government to intervene.
Unifor union president Lana Payne noted the urgency comes as automakers seek to restructure entire supply chains to get closer to where they do business, which, along with the shift to electric vehicles, means both risks and opportunities for Canadian workers.