The bad news is that Honda isn’t expanding its operations in Alliston to build an electric vehicle plant. The good news is that no government money has been handed over despite a promise of up to $5 billion when the project was announced two years ago.
The announcement on April 25, 2024, promised a $15-billion investment from Honda for a new EV assembly line and a battery plant. The federal government promised up to $2.5 billion in production tax credits and the provincial government promised up to another $2.5 billion in support.
