More than $1 billion in public funds for auto plant retooling part of the drive to electric vehicles

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More than $1 billion in public funds for auto plant retooling part of the drive to electric vehicles
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The Stellaris announcement from Doug Ford and Justin Trudeau comes amid a broader retooling of auto plants across North America to electric platforms

Prime Minister Justin Trudeau said the investments in electric car manufacturing demonstrate that all workers can have a future in a greener economy.

“Previous governments may have given up on Ontario’s manufacturing sector and watched from the sidelines as 300,000 jobs left this province. Our government is bringing good jobs back to Ontario’s workers,” he said. In last month’s budget, the federal government expanded access to an electric vehicle tax credit. Previously, to qualify for a credit of up to $5,000, vehicles needed an all-in-price of less than $55,000, but they can now qualify as long as the base model price is below $55,000, even if the model people actually buy costs up to $65,000.Article content

Ford said his government felt it was right to invest in autoworkers and plants rather than incentives.

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