Honda to get up to $5B in government help to build EV battery, assembly plants as part of $15B project in Ontario
Ontario has committed to providing up to $2.5 billion directly - such as for capital costs - and indirectly, such as covering site servicing costs. Prime Minister Justin Trudeau, Premier Doug Ford and Honda executives were on hand in March 2022 when the Japanese automaker announced hybrid production at the plant, with $131.6 million in assistance from each of the two levels of government.
The offer was also extended to Volkswagen for its electric vehicle battery facility and that deal could see up to $13 billion in incentives.
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Honda to get up to $5B in govt help for EV battery, assembly plantsHonda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.
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Honda to get up to $5B in govt help for EV battery, assembly plantsHonda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.
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