Canada is moving to capitalize on the shift to electric vehicles and is positioning itself as a source of raw materials. Read more.
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Canada is moving to capitalize on the shift and is positioning itself as a source of raw materials, with a more efficient mining permit process than the U.S. It also has a century-long history of building automobiles, which means it has a workforce that can build EVs.Article content To date, Canada has spent billions of dollars to entice automakers, with growing results. Europe’s Stellantis N.V., Ont., while Umicore plans to produce battery materials in Kingston, Ont. BASF SE is planning to produce battery materials in Bécancour, Que, as are General Motors Co., in partnership with South Korea’s POSCO Chemical.This advertisement has not loaded yet, but your article continues below.
The sector got yet another shot in the arm earlier this year when the U.S. passed the Inflation Reduction Act, which includes consumer incentives for electric vehicles produced in North American plants using North American raw materials.
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