Prime Minister Justin Trudeau speaks during a tour of a Honda Manufacturing Plant in Alliston, Ont., Wednesday, April 5, 2023. THE CANADIAN PRESS/Cole BurstonTORONTO -
The $15-billion project includes the retooled plant, an electric vehicle battery plant in close proximity, as well as two key battery parts facilities located elsewhere in Ontario. Instead, the federal government has proposed in its recent budget a 10 per cent Electric Vehicle Supply Chain investment tax credit, which Honda could claim on top of an existing 30 per cent Clean Technology Manufacturing Investment tax credit.
Honda's deal also involves two key parts suppliers for their batteries - cathodes and separators - with the locations of those facilities set to be announced at a later date.
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