Ottawa betting big on EVs
The federal government plans to invest a total of $13 billion in what Volkswagen says has the potential to be the largest electric vehicle battery factory in the world. The German automaker is investing $7 billion in the project in southern Ontario where it is expected to employ up to 3,000 persons directly and create thousands of subsidiary jobs. Opposition Leader Pierre Poilievre says the federal subsidies are excessive but Prime Minister Justin Trudeau says “it will be worth $200 billion to the Canadian economy over the coming decade” as VW transitions to mostly electric models. [node:read-more:link]