In Canada, this includes federal and provincial subsidies for consumers to buy electric vehicles and federal and provincial subsidies to EV manufacturers to build assembly and EV battery plants here.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
To be clear, our governments were subsidizing the manufacture of internal combustion engine cars and trucks long before EVs entered the market. Governments are also subsidizing the build out of EV charging stations across Canada and planning to upgrade and retrofit electricity grids to meet the increased demand for electricity.
What taxpayers should be aware of is that subsidization of the EV industry here will involve huge costs, which are only going to increase.
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Source: TheTorontoSun - 🏆 23. / 68 Read more »