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Dear John,
According to the federal mandate, all new passenger vehicles and light trucks sold in Canada must be zero-emission by 2035.
That's only 11 years away. What needs to be done in order to facilitate that timeline?
A new study released by the Fraser Institute today finds that in order to meet international government mandates, a total of 388 new mines must be built to produce the metals required for Electric Vehicle (EV) production.
For context: as of 2021, only 70 metal mines are operated in Canada, and 270 in the U.S.
It takes significant time to get mining projects up and running. For example, lithium production takes between 6 and 9 years, and nickel production takes between 13 and 18 years.
Considering all this, the federal EV mandate timeline seems... unrealistic.
Check out the full study here, and be sure to spread this one far and wide.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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