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Ontario offer of $5B in tax credits to Stellantis 'the price of being in a global business,' minister says

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Ontario’s minister of economic development says the province’s offer of up to $5 billion in tax credits to automaker Stellantis is 'the price of being in a global business.'

with the governments of Canada and Ontario for the construction of an electric vehicle battery plant in Windsor.

The plant itself, set to cost about $5 billion, was first announced last year, but construction halted in May after the company decided to reopen negotiations for funding due to the U.S.The original deal saw the provincial and federal governments contribute $500 million each towards the plant.

🚨 Ontario and Canada have established a historic new EV and battery auto pact that will secure the next generation of auto jobs for Canadian workers for today, tomorrow, and the future.

 

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