Volkswagen\u0027s new Ontario battery plant is corporate welfare at its worst. Probably. So far, we\u0027re not even allowed to know what it cost us.
with the European Union — for an unknown quantity of an unknown product. Woo!
So we need to cough up something like $10 billion or more … why? Presumably VW will need the cobalt and nickel anyway. And if some other jurisdiction is going to subsidize the production of the batteries we’re all going to use in our future electric vehicles, why not let it? Certainly, the London area took it on the chin from the huge decline in Ontario manufacturing. A 2021 report by University of Ottawa economist Mike Moffatt found that London and neighbouring Norfolk, Ont. saw the biggest declines in employment rates between 2003 and 2018 in the whole country. Second only to Windsor, London also experienced the slowest growth in weekly earnings over that period.Article content“We can’t fill positions.
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