https://www.miningweekly.com

Canada's support for EV battery plants to cost C$5.8bn more than announced - watchdog

20th November 2023

By: Reuters

  

Font size: - +

OTTAWA - Canada's support for the construction of three of the country's largest electric vehicle (EV) battery manufacturing factories is estimated to cost C$5.8-billion more than initially announced, the country's independent budgetary watchdog said on Friday.

Canada, home to a large mining sector for minerals critical for battery production, has pledged billions in incentives to woo companies involved in all levels of the EV supply chain as the world seeks to cut carbon emissions.

The Parliamentary Budget Officer's (PBO) report assessed the total cost of federal and provincial government support for EV battery projects of Volkswagen, Stellantis-LG Energy Solution (LGES) and Sweden's Northvolt.

The total cost of government support for the three projects is estimated to be C$43.6-billion over ten years, higher than the C$37.7-billion in announced costs, the PBO said.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 
ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
14th October 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.064 0.087s - 111pq - 2rq
Subscribe Now