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Electric Vehicles Should We Believe the Rumour?

April 24, 2018
François Dupuis, Vice-President and Chief Economist • Joëlle Noreau, Senior Economist

No longer a novelty or the subject of curiosity, electric vehicles (EVs) are now part of the lineup of vehicles offered by automobile manufacturers. Rumour has it that there will eventually be more EVs than internal combustion engine vehicles on the road. Until then, we may be in for a long and bumpy ride. Nevertheless, the trend appears to be here to stay. Will Quebec’s economy be able to take advantage of it? With regard to raw materials, manufacturers of electric vehicle batteries are racing to secure their supplies. However, despite the recent interest of foreign companies in Quebec mining businesses. It is too soon to believe that the mining landscape will completely transform in the short term. Yet, it will be interesting to see how things develop.

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