Episode 97 of Down to Business podcast
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When the pandemic hit, Canada’s auto industry rapidly pivoted from making cars to making masks, gloves, ventilators, et cetera, but there was a cost: 2020 was the worst year in decades for auto manufacturers.
This week, on Down to Business, Brian Kingston, president and chief executive of the Canadian Vehicle Manufacturers Association, and Benjamin Sharpe, a senior researcher and Canada Regional Lead at the International Council on Clean Transportation, based in California, spoke about what lies ahead for the auto industry.
The auto sector represents Canada’s second largest export; and it won’t show up in any quantitative analysis, but the sector also provided the expertise that proved invaluable when the pandemic struck and Canada needed to quickly begin producing personal protective equipment.
The auto sector has declined globally in the past two decades, but a new era of electric vehicles is dawning, and there’s a new opportunity to gain back ground.
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