Canada-made electric vehicles will qualify for tax credits under revised U.S. bill

Canadian-made electric vehicles will qualify for tax credits under a new proposed bill in the U.S.

"This is good news for Canadian workers, jobs and our manufacturing industry," Canada's International Trade Minister Mary Ng said in a statement on Thursday. In a statement, Canada's ambassador to the U.S. Kristen Hillman says Canada has been"relentless" in its efforts to convince Congress and the White House to abandon a plan"that discriminates against Canada and fractures the highly successful integration of our auto sector."

The previous version of the legislation would have seen American-made carmakers and parts suppliers feel pain as a result, said Flavio Volpe, the president of the Auto Parts Manufacturers' Association. He says a Canadian manufacturing plant that produced $10 billion worth of vehicles per year relies on about $4 billion to $5 billion worth of parts and raw materials from the U.S. side. American manufacturing plants also rely on parts from Canadian suppliers.

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Industry Minister Champagne makes the case for EV investment at ‘right time’ for CanadaAfter wrapping up his latest international trade trip to Japan on July 8, having met with leaders from Honda, Nissan, Panasonic, Subaru and Toyota, the list of overseas automakers and battery companies with which François-Philippe Champagne has not recently shared a conference table is getting slim. How’s that investment going in Brampton / Windsor at Stellantis? You gave them money to help retool and now they are laying off workers and using taxpayers money to buy out workers. Yet they made 15 billion profit in 2021. They shouldn’t be laying anyone off using our tax $$$
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