https://newsletter.mw.creamermedia.com
Construction|Energy|LG|Manufacturing|Mining|Projects|supply-chain|Manufacturing
Construction|Energy|LG|Manufacturing|Mining|Projects|supply-chain|Manufacturing
construction|energy|LG|manufacturing|mining|projects|supply chain|manufacturing-industry-term

Canada's support for EV battery plants to cost C$5.8bn more than announced - watchdog

20th November 2023

By: Reuters

  

Font size: - +

OTTAWA - Canada's support for the construction of three of the country's largest electric vehicle (EV) battery manufacturing factories is estimated to cost C$5.8-billion more than initially announced, the country's independent budgetary watchdog said on Friday.

Canada, home to a large mining sector for minerals critical for battery production, has pledged billions in incentives to woo companies involved in all levels of the EV supply chain as the world seeks to cut carbon emissions.

The Parliamentary Budget Officer's (PBO) report assessed the total cost of federal and provincial government support for EV battery projects of Volkswagen, Stellantis-LG Energy Solution (LGES) and Sweden's Northvolt.

The total cost of government support for the three projects is estimated to be C$43.6-billion over ten years, higher than the C$37.7-billion in announced costs, the PBO said.

Edited by Reuters

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.073 0.154s - 145pq - 2rq
Subscribe Now