Download - New EV Factory Subsidies Cause OEM Blowback

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End of the Line

Technology

New EV Factory Subsidies Cause OEM Blowback

2023-06-02

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With the Canadian government announcing a $13 billion subsidy program to entice VW to build EV batteries in southern Ontario, a similar joint venture project in Canada from Stellantis and LG has been stopped. According to the automaker, the reason is a lack of government subsidies. Has EV manufacturing now become an entirely government-financed industry?

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