EV battery plant investments needed to stem auto industry's decline, says Champagne

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Canada's investment in battery plants was needed to prevent a “decline” in its auto sector, says industry minister Champagne. Read more

“I don’t know if it was by choice or by design, but when I entered the role of industry minister, some were even looking at the demise of the auto sector in Canada,” he said while speaking at the Toronto Global Forum on Oct. 11.Champagne said Canada would have seen a “decline” in the auto sector, which supports about 500,000 people, if it hadn’t taken advantage of this “generational opportunity.

Critics of the subsidies, however, believe the federal government needs to rein in its spending and look at alternative ways to meet its climate targets.A welcome email is on its way. If you don't see it, please check your junk folder.said Canada needed to be a bit more “patient” “There is no other country in the world where automotive companies can assemble vehicles using a renewable energy grid, source mineral inputs from responsible and sustainable supply chains, and access diverse, world-class talent required for new vehicle technologies,” he said on Oct. 11.

 

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