Canada's EV Manufacturing Uncertainties

This is a Canada news story, published by torontosun, that relates primarily to EV news.

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EV manufacturing

torontosun

•

Technology

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

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

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech