CANADIAN AUTO SECTOR AND POLITICIANS ACCEPT TAXPAYER COST OF BANKROLLING EV TRANSITION
May 21st, 2023
The Canadian auto sector and governments appear united in saying the huge subsidies sunk into securing a Canadian dollars CAD7 billion (USD5.1 billion) Volkswagen battery plant in St Thomas, southern Ontario, make good commercial and economic sense.
The level of financing could indicate what the Canadian and Ontario governments will have to spend to persuade Stellantis to restart stalled work at its planned battery manufacturing plant in Windsor, across the border from Detroit. Construction has been halted while talks continue over the level of subsidies, which ...
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