Canada’s string of electric-vehicle and battery investments over the past three years have earned it “about double” its historical share of North American automotive spending, and the country is well positioned to continue overperforming, according to Unifor President Lana Payne.
Over the same period, the United States secured 83 per cent of North American EV investments, while Mexico landed just two per cent, according to research carried out by the Center for Automotive Research in Ann Arbor, Mich., and shared with Unifor. The figures include automotive spending from across North America from 2020 through the third quarter of 2022.
The EV investments total $80.4 billion . Canada’s tally is $12.2 billion, while the United States and Mexico booked $66.9 billion and $1.3 billion, respectively.“In order to stay in the game as we would say and be a leader, especially as the United States is ramping up their own public support for EV tech investments … the onus is on us to make sure that we continue to be vigilant here in Canada to be the kind of player that we can be.
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Source: TorontoStar - 🏆 60. / 55 Read more »