Two things have happened recently in the U.S. I'm sure you've been appropriately briefed, or you will be. One is the contemplation of the GREEN Act, where the Trump administration put caps on the number of electric vehicles that could be produced in the U.S. by each manufacturer. That has been tripled in the last little while.
How do you encourage more electric vehicles? How do we put in requirements by the manufacturers of the vehicles? We put a lot of money into General Motors, the Oakville plants and all of this. On Canadian content rules, there are ways of doing it. The Europeans are very interested in Canadian minerals. They're just as interested in processing them. I suggest we don't get too engaged in selling them or providing them with just pure raw materials. How do we value-add to it? We can do that through these trade agreements, and branding Canada's product as cleaner and more transparent in terms of traceability, provenance and so on. There are a number of ways for Canada to be at the table on standards and on metallurgy.
I want to compliment the folks around the table. It's not just batteries. It's also the light weight in materials. If we can take 500 pounds off the weight of that car, we can carry that battery. There are a number of these things. We have different kinds of wiring in vehicles. We have the manufacturing base. Jaguar already makes an all-electric vehicle. It's actually built by Magna in Austria. We shouldn't kid ourselves about advancing technologies. How do we engage those end-users? They will create demand and they have the pull on the supply chain. It will make it easier to finance some of the mining projects.
My last comment—I appreciate having this time—is about demand pull versus supply push. We need to create that. As such, if you look at demand pull, no disrespect to all my colleagues who come out of that world, but this is not necessarily a mining initiative. It's not just mining. It's that whole industrialization that we're talking about. We should not lose sight of that fact.