Canada’s gas-powered auto industry faces dramatic risks from the global transition to electric vehicles and it could soon start impacting jobs, according to a new report.
After 2025, Hatges said, companies that rely on the internal combustion engine could begin to decline due to competition from electric vehicles, which would start affecting jobs from manufacturers to gas stations. The auto industry directly employs 125,000, while another 400,000 work in in auto services and dealerships, according to government data.
“There are so few made in the world that I’m not sure how anyone can be ahead of the curve,” said Dennis DesRosiers, president of DesRosiers Automotive Consultants Inc, an industry consultancy.Peter Hatges, KPMG report co-author Electric vehicles make up just two per cent of global car sales, and cars built today will still be on the road for decades, DesRosier said.
“In the next decade, there is very unlikely to be any noticeable negative impact on the global auto sector,” DesRosiers said. Volpe also pointed to Project Arrow, a project launched by the APMA in January to develop a 100 per cent Canadian-made zero-emissions car. Volpe said Project Arrow will showcase the Canadian industry’s ability to design and produce next-generation vehicles.
drivingdotca It's a catch 22-electric cars, to date they don't operate efficiently in cold weather so therefore we need global warming to support the electric car. Infrastructure first before product release and get the damn road tax in place for EV's. then we can talk
Too late. Total waste now. They cannot catch up to Tesla. Instead cathmckenna needs to be talking to elonmusk to bring a Tesla factory and cold weather testing Center to Canada
dieselforlife
So they can go bankrupt?
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