Ontario Innovation Minister Vic Fedeli is ruling out matching other provinces’ moves to give consumers tax credits to buy electric vehicles, saying his government’s priority is to attract companies to build battery and EV plants in Ontario.
“The reality is if you want to be a location of choice for these vehicles are built. We also have to build the market,” Brian Kingston, president of the Canadian Vehicle Manufacturers’ Association, said in an interview. While he praised the government’s efforts to attract funding, he said its hesitancy to stimulate uptake could damage Ontario’s green transition over the long term.
The investments are part of the province’s overall EV strategy: an end-to-end system in which Ontario would mine the materials, build the batteries and construct the automobiles. The U.S. is offering a spate of incentives to attract companies – most recently, US$900-million in funding to build EV charging stations in 35 states. But Mr. Fedeli is hoping Ontario’s emissions-free electricity will be enough to sway manufacturers. Unlike some markets in the U.S., Ontario does not generate any electricity from burning coal.
The average EV battery weighs 1000lbs,contains 25 pounds of lithium, 60 pounds of nickel, 44 pounds of manganese, 30 pounds cobalt, 200 pounds of copper, and 400 pounds of aluminum, steel, you must displace 500000lbs of the earths crust for one battery.
Because. Orporations need even more help, especially foreign ones
Not a bad idea. EVs aren’t demand constrained, they are production constrained. Incentives that focus on scaling and securing supply chain are appropriate.
Good A market that needs to be propped up by subsidies isn’t sustainable
Help the big guy and he’ll help the little guy uh hum!