Volkswagen has just chosen to build an electric vehicle battery plant in St. Thomas, Ont., because the federal government offered them large subsidies. How much money? Ottawa isn’t saying.
That is a big deal because we are no longer talking about a billion here or there. The Financial Times reported last week that Volkswagen was putting plans for a European battery plant on hold because it could get €10-billion in subsidies – $15-billion – to build a plant in North America.
Did the federal gov't have to cut @VWcanada a cheque to secure an EV battery manufacturing plant in St. Thomas, Ont.? And if so, how much?
Watch Innovation Minister @FP_Champagne 's interview with @VassyKapelos👇
More at https://t.co/kJpnydmc7W#ctvpp #cdnpoli #onpoli https://t.co/FGY2Epm9bZ pic.twitter.com/ucX13gfpmu
— CTV Power Play (@CTV_PowerPlay) March 13, 2023
For a technology that even the car companies are stepping back from.
