The federal government and many provincial governments have taken some big steps to seize the potential of the green transition, most recently with the $13-billion subsidy, multiyear subsidy for the St. Thomas, Ont., Volkswagen electric-vehicle battery plant. However, this is not a financially sustainable approach.
Less than a month after that subsidy’s price tag was revealed, news emerged that Ottawa is under pressure to match it for Stellantis STLA-N -0.62%decrease
and LG Energy Solution’s Windsor, Ont., battery plant, with construction at the site halted.
Canada is not a major player in the Lithium market. Nor will it ever be, though proximity to the US will help our reserves are a fraction of Australia’s and Chile’s.
