Honda to get up to $5B in government assistance for EV battery, assembly plants

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المملكة العربية السعودية عناوين أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Honda is set to build an electric vehicle battery plant next to its Alliston, Ont.

, assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.

But the federal government is expected to give the Japanese automaker around $2.5 billion through tax credits for clean technology manufacturing and electric vehicle supply chain investments. The Honda facility will be the third electric vehicle battery plant in Ontario, following in the footsteps of Volkswagen in St. Thomas and a Stellantis LG plant in Windsor.

That kickstarted conversations about a larger potential investment into electric vehicles, and negotiations began that summer. The offer was also extended to Volkswagen for its electric vehicle battery facility and that deal could see up to $13 billion in incentives. "Production incentives were meant to match the American production incentives, but it's just far too much to continue with on an ongoing basis," he said.

 

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Honda to get up to $5B in govt help for EV battery, assembly plantsHonda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.
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Honda to get up to $5B in govt help for EV battery, assembly plantsHonda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.
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