Ottawa, Ontario have already provided billions to support the construction of battery plants in Ontario for Volkswagen and Stellantis-LG Energy Solutions
The source, who is familiar with the discussion, said the amount sought is in the billions of dollars. It’s not clear whether this means grants or loans. The Globe is not identifying the person, because they are notToyota Canada spokesman Philippe Crowe declined to comment on any discussions between his company and the federal government but said the company is committed to planning for its future.
Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, said he does not have inside information on Toyota’s plans but it makes sense that it would ask Ottawa for assistance. “I wouldn’t be surprised,” he said. “Every one of these automakers is either building EV capacity or battery capacity” and he said it would seem appropriate Toyota has the same conversations with governments that companies such as Volkswagen have had.
The Globe also asked the Ontario government whether Toyota had approached Queen’s Park for financial assistance. Vanessa De Matteis, press secretary to Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, declined to say. But she said Ontario hopes Ottawa will continue to partner with the province in supporting the emerging electric vehicle industry and cited an agreement both governments signed this year.
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