OTTAWA — Stellantis says there is no deal yet to ensure all of the $5-billion electric-vehicle battery plant in Windsor, Ont., gets built.
Stellantis has threatened to move at least the module portion the plant out of Windsor if it doesn't get what it says it was promised by the federal government in an agreement reached in February. But the companies went back for more government support after the United States announced new production tax credits for EV battery makers as part of the Inflation Reduction Agreement.
The subsidies are directly proportionate to the tax credits on offer under the IRA, which start at a tax credit of $35 per kilowatt hour from now until 2030, when they begin to be phased out. By 2033, they will be eliminated.
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