Volkswagen commits to considering Canada for its first North American EV battery factory

The agreement is an extension of a memorandum of understanding previously signed between the two parties in August that aims to “deepen” co-operation on the building of EVs.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.

“This is just the beginning,” Blume said. “The EV market in North America is at a turning point and we’re committed to investing across the entire region.” The deal has been signed at a time when the United States, the bigger European economies, Canada and other democratic economies are looking to shift their industries’ supply chains away from China, which dominates the EV industry, and towards friendlier nations.Article content

One of the best examples of this is Washington’s recently passed Inflation Reduction Act , which offers a US$7,500 subsidy for EVs that are made primarily from materials sourced in North America. The EV market in North America is at a turning point and we’re committed to investing across the entire region

financialpost 'consider' leaves lots of wriggle room to in the end put it in Mexico

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Volkswagen commits to considering Canada for its first North American EV battery factoryVolkswagen will explore sites in Canada to build the company’s first battery factory in North America to power electric vehicles. Read more. Probably fantastic news for Ontario. WTF does commits to considering mean. There is zero commitment when considering. It boggles the mind. More government bribes coming. More subsidies. Thus more taxes from the already burdened taxpayer in Canada, now at 45% of take home pay, to skyrocket to past 50 soon. And more government bloat to monitor.
Source: nationalpost - 🏆 10. / 80 Read more »

Volkswagen commits to considering Canada for its first North American EV battery factoryVolkswagen will explore sites in Canada to build the company’s first battery factory in North America to power electric vehicles. Read more. What a bunch of corporate welfare BS! It should be built in Alberta
Source: financialpost - 🏆 7. / 85 Read more »

Volkswagen begins search for battery plant site in Canada - BNN BloombergVolkswagen AG signed an agreement to begin searching for a battery cell factory site in Canada as it plans a “rapid expansion to North America” of its electric vehicle battery business. Every company is coming here to get benefit like they knew that this trudiot will spend anything in name electric and zero carbon emissions, those company can’t get benefit from European Union so they are coming here
Source: BNNBloomberg - 🏆 83. / 50 Read more »