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Canada's $52B EV gamble didn't pay off, observers say

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Summary
Nutrition label

78% Informative

Since 2020 , the federal government entered into deals with 13 manufacturers that, according to a June report, now represent $52.5 billion in various government investments and subsidies across the EV supply chain.

That includes billions invested or pledged to support battery manufacturing across Canada , including plants in Maple Ridge , B.C. , southeastern Quebec and two Ontario plants in St. Thomas and Windsor.

In 2023 the PBO said it would take 20 years for the federal and provincial governments to break even on subsidies promised to carmakers.

VR Score

76

Informative language

70

Neutral language

74

Article tone

semi-formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

10

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