Kirsten Hillman told CTV’s Question Period host Vassy Kapelos, in an interview airing Sunday, it’s important Canada remain competitive in the electric vehicle market, an arena in which it already has several advantages, including the workforce, expertise, and critical minerals resources. She said experts are working to ensure Canada is ahead of the curve and encouraging investment in the electric vehicles sector, but she didn’t specify how.
But when pressed, the ambassador didn’t give specifics on how Canada would counter the United States’ Inflation Reduction Act — passed in August 2022 and aimed at quashing inflation, reducing the deficit, and investing nearly US$400 billion in clean energy — which offers significant subsidies to electric vehicle battery manufacturers.
The ambassador is set to travel to Mexico City this week to attend the North American Leaders’ Summit — the 10th iteration of the trilateral gathering —following the arrest of one of notorious jailed drug kingpin Joaquin “El Chapo” Guzman’s sons. But the legislation was expanded to include vehicles built in Canada and Mexico, not just the U.S., after nearly a year of lobbying by Ottawa and industry.
Any more significant response or countering of the American legislation will have to wait until this spring, when Freeland is set to table the next federal budget.
Source: Energy Industry News (energyindustrynews.net)
since batteries & EVs are in such high demand, why on earth would they need subsidies? Let market forces dictate manufacturing, not poor governance.
ok well 'competitive' in Canada just means an insulated oligopoly that competes with itself over how high their prices can go
Shitting down the auto industry in Canada would be great to reduce our emissions
der Typ ist eine totale Fehlbesetzung
Totally destroying our Country. How dare you even post this
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