Honda to build major EV plant in Canada, says govt source

According to a Canadian government source, Japanese auto giant Honda will open an electric vehicle plant in eastern Canada. — Reuters picMONTREAL, April 23 ― Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP yesterday.

Canada in recent years has been positioning itself as an attractive destination for electric vehicle investment, touting tax incentives, renewable energy access and its rare mineral deposits. In the federal budget announced last week, Prime Minister Justin Trudeau's government introduced a new business tax credit, granting companies a 10 percent rebate on construction costs for new buildings used in key segments of the electric vehicle supply chain.

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