Canada’s government is enchanted – obsessed even – with the idea of building batteries for electric vehicles on home soil. Already, Volkswagen is soaking up about $14-billion in public subsidies to build a battery factory in Southwestern Ontario, and Stellantis, owner of Jeep and Fiat, and LG Energy Solution are demanding equal treatment for their joint venture.
The mission to make Canada (well, Ontario) part of the global EV supply chain was inevitable and, from a purely industrial point of view, makes some sense, even though the per-employee job creation bill may emerge as the most expensive in Canadian history.
A good piece, you can’t come away without being convinced that EV’s are a ludicrous “green solution.”
