OTTAWA—It will take 20 years for the federal and Ontario governments to recover the $28.2 billion in subsidies they are pouring into new Stellantis and Volkswagen electric vehicle battery plants, according to a new analysis from Ottawa’s budget watchdog.
This “break-even timeline” looks at both factories, but the federal Parliamentary Budget Officer (PBO) noted Tuesday that it is “significantly longer” than Prime Minister Justin Trudeau’s original claim that it would take less than five years to recover public dollars going to the Volkswagen facility.
