Canadian govt invests $423 million in EV production in zero-emission push
Canadian Prime Minister Justin Trudeau on Monday announced a new federal investment in project funding for automaker Stellantis that will modernize assembly plants and increase production of electric vehicles (EV).
According to a news release from the prime minister’s office, the Canadian government is investing up to CAD 529 million (USD 423 million) into this project. The Province of Ontario is also supporting the project with an investment of up to CAD 513 million (USD 410 million).
“We’re building a world-class Canadian auto industry for generations to come, an innovative economy, and a clean, strong future for everyone. This is what a healthy environment and a healthy economy looks like,” Trudeau said.
