Companies building electric-vehicle components in Canada won’t necessarily get the same massive subsidy package that Volkswagen recently received, Prime Minister Justin Trudeau said.
“We are prepared to step up and make sure that we’re competitive” with U.S. manufacturing subsidies, Trudeau said April 28 during an interview at Bloomberg headquarters in New York. “But we’re going to look at each one on a case-by-case basis. We will think strategically about this” and not just say yes to any firm, he said.
Despite the money his government rolled out for Volkswagen — and the roughly $80 billion in long-term investment tax credits it promised in its latest budget for a variety of industries — Trudeau argued he’s still guarding against a subsidy war.
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Trudeau warns companies not to expect same handout as VWThe Prime Minister said the $13\u002Dbillion federal and provincial incentive offered to VW was less than that offered by U.S. states
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Trudeau warns companies not to expect same handout as VWThe Prime Minister said the $13\u002Dbillion federal and provincial incentive offered to VW was less than that offered by U.S. states
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Trudeau warns companies not to expect same handout as VWThe Prime Minister said the $13\u002Dbillion federal and provincial incentive offered to VW was less than that offered by U.S. states
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