Motor Mouth: Stellantis bags billions in subsidies for battery plant — via drivingdotca ElectricVehicles
is right in its assessment of how the deal went down, it would appear that, of the ongoing per-kilowatt-hour subsidies, the federal government is kicking in $10 billion, and the Ontario Conservatives another $5 billion. This is actually quite noteworthy — and, if I’m a provincial premier, pretty scary — since these are supposed to be uniquely federal costs.Article content
The point is the American Inflation Reduction Act is trying to buy its way to cost-competitiveness on the backs of taxpayers That, from a taxpayers’ point of view, may not be the worst news, however.
Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 5, 2023 in Las Vegas, NevadaThough we in North America — both Canada and the United States — are probably in more competitive positions, it remains that China has a substantial lead in low-cost EV production.
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