Provincial and federal financial support to develop electric vehicle batteries will cost $5.8 billion more than government projections, the Parliamentary Budget Office said Friday morning.
An analysis of government support for the EV battery deals with Northvolt, Volkswagen and Stellantis-LGES said that over the next 10 years, that support will amount to $43.6 billion, rather than the announced costs of $37.7 billion.
The deals with the three manufacturers amount to production subsidies of $32.8 billion, with an additional $4.9 billion in support to build the facilities.
