Canada funds production of electric vehicles as part of zero-emissions campaign

Canadian Prime Minister Justin Trudeau announced a new federal investment in project funding for automaker Stellantis that will modernize assembly plants and increase production of electric vehicles (EVs).

According to a statement from Trudeau’s office, the government is investing up to 529 million Canadian dollars ($423 million) in the project, the Xinhua news agency reports.

The Province of Ontario is also supporting the project with an investment of up to C$513 million.

“We are building a world-class Canadian auto industry for generations to come, an innovative economy and a clean, strong future for all. This is what a healthy environment and a healthy economy look like,” Trudeau said.

“Ontario has what it takes to once again become the engine of the auto industry in North America,” said Doug Ford, Premier of Ontario, Canada’s most populous province.

Stellantis’ multi-billion dollar project will support plants in Windsor and Brampton, Ontario by implementing flexible vehicle platforms at both plants and increasing its production of electric vehicles.

Stellantis’ investment will also support the creation of a state-of-the-art battery pack testing facility for North America at the Automotive Research and Development Center (ARDC) in Windsor, which will further strengthen Canada’s position as a leader in electric vehicle innovation.

Activities at the ARDC are already underway, with an addition to the existing building to be completed by the end of 2023, according to the press release.

The Canadian government is putting in place a sales mandate that will ensure that 100% of new light-duty vehicle sales are zero-emission vehicles (ZEVs) by 2035.

Accelerating the ZEV target will support the country’s commitment to achieve net zero emissions by 2050, the statement said.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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