Canada's committing tens of billions of dollars to the EV industry. Here's a list of the planned projects so far [Globe and Mail, The (Toronto, Canada)]
Honda Motor Company, Ltd. (HMC)
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Source: Globe and Mail, The
The federal government, as well as the Quebec and Ontario governments, have collectively committed tens of billions of dollars to support investments from major automakers. On Thursday, Ottawa and Ontario confirmed the details of the latest big-money deal – with Honda, which will build a comprehensive electric-vehicle chain in the province. A note about government funding: Many of the dollar figures for production subsidies say “up to” – maximum totals that would only be reached if the factories began full-capacity production of batteries at the earliest possible date, because the subsidies are time-limited. Here's a breakdown of the most recent EV projects coming to Canada. Ottawa, Ontario announce $15-billion Honda EV deal Automaker: Honda Date announced: April, 2024 Location: Alliston, Ont. Government funding: Ottawa commits around $2.5-billion (through tax credits), Ontario, $2.5-billion (directly and indirectly) Ottawa and Ontario have announced a multibillion-
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