Subsidies to build a Stellantis\u002DLG Energy battery plant in Windsor, Ont. could reach $19 billion over 10 years, one expert says. Read on.
But there are factors that may allow Canada to bring the cost down, Allan said. For example, a recent budget measure by Trudeau’s finance minister to create investment tax credits will help offset equipment costs for the factory.
The Volkswagen deal has received criticism from some economists in Canada, given the 10-year cost estimate. A majority of the population supports it, however, according to a recent poll by Nanos Research for Bloomberg News.Photo by Tara Walton/The Canadian Press Spokespeople for Industry Minister François-Philippe Champagne, Ontario Premier Doug Ford and Stellantis declined to comment for this story.
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