Ottawa may need to pay $2.8 billion more to fund Volkswagen's battery plant

The federal government may have to shell out an additional $2.8 billion to fund Volkswagen Group’s future battery plant in southern Ontario

It has also encouraged the mining industry to explore the country for metals needed to build batteries, such as lithium and nickel, the demand for which has risen in recent years.

Though the battery plants will provide some benefits in the future, Mordue isn’t convinced the “enormous” investment behind them is worth it. But he said the magnitude of the subsidy provided to Volkswagen is six times the annual budget of the federal government’s environment and climate-change department, which is “significant.”Article content

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