Enormous investments in EV technology shook the automotive industry in both Canada and the U.S. this week. Honda promised to spend $15 billion in Ontario on Thursday morning. Toyota unveiled new investments in Indiana that afternoon, bringing its total spending on EVs in that state to $8 billion US.
“In Canada, our target is that 100 per cent of all light duty cars and passenger truck sales be zero emission by 2035,” said Prime Minister Justin Trudeau at the Honda announcement in Alliston, Ont. “As a great Canadian once said, that is where the puck is going and that is where we’re going to be.”
But the surge in investment comes as the underlying EV industry remains at a crossroads. Growth forecasts have plateaued, charging infrastructure has not kept pace and electric vehicle prices have pushed the cars out of reach of many consumers.
This is a CBC PROPAGANDA piece for the Liberals.
