Project Arrow is an original, all-Canadian, full-build, zero-emission concept vehicle. The idea is to showcase Canadian automotive and technology companies through its design and eventual production. The vehicle's engineering stage is next.

Corvette inventory already is extremely limited because most of the cars are preordered before they arrive at dealerships, GM said.

The Automotive Parts Manufacturers' Association says the investment shows that Canada can position itself to produce EVs as more of them come online and provides proof that the United States-Mexico-Canada Agreement’s regional content requirements work when it comes to spurring domestic investment.

If Unifor is serious about wanting EV production in Canada — or even more hybrid production — it will need to convince automakers that it will be viable to do so. And that will likely require massive investments not only at assembly plants but also at the factories that supply them.