VW battery plant's $13 billion in subsidies raises questions about Canada's EV ambitions via financialpost
Champagne acknowledged the automakers had received financial incentives, but declined to disclose details, saying it would interfere with ongoing negotiations with other companies considering investment in Canada.
Experts said an electric vehicle supply chain could create 250,000 jobs, all of which would durable as the world moved away from fossil fuels and built a new green economy. Large battery manufacturing plants as well as assembly plants often spur other investment. Suppliers spring up nearby, and an automaker may choose to expand in the area. The concentration of expertise becomes a magnet for other automakers to invest. That’s how what MBAs call “ecosystems” develop.Article content
Still, the $13-billion Volkswagen package, which includes tax credits to offset the estimated $7-billion cost of building the plant, as well as ongoing production credits for every vehicle produced, raises questions about how much other automakers received or will receive.Article content
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