Never mind the fact that consumer sales have yet to live up to the superlatives: Honda is about to cast a massive vote of confidence in Canada's electric vehicle sector. Here's what we know so far and the questions that remain.Honda Canada already assembles some of Canada's most popular models at its plant in Alliston, Ont.
Honda doesn't make speculative bets, he said. "They've been in Canada for almost 40 years. They've never retreated, they've never gone back. This is, for Canadian suppliers, an extremely bankable customer to get.
In January, the Japanese news outlet Nikkei was the first to report Honda was considering an investment of 2 trillion yen to start up an EV supply chain in Canada. Those billions were enough to land Ontario its first two battery plants: the VW plant in St. Thomas and the Stellantis facility in Windsor. But the Trudeau government warned at the time that their production subsidies aren't sustainable.
Honda appears set to be the first — and possibly the only — carmaker to make the vertical investments required to access this credit, with an expansion of its facilities in Alliston as well as other yet-to-be announced expansions in Ontario.CBC News has confirmed that Honda is gearing up to announce a multibillion-dollar deal to build electric vehicles in Canada. Though not all the details are known, Ontario's premier hinted it's the ‘largest deal in Canadian history.
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