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— Aug 23 2022
In a release, Ottawa said these agreements will"help secure Canada's position as a leading centre of excellence for the manufacturing of electric vehicles and batteries."The Volkswagen agreement focuses on deepening co-operation on sustainable battery manufacturing, cathode active material production and critical mineral supply.
The agreements come one week after U.S. President Joe Biden signed a plan to provide tax credits for electric vehicles produced in North America, not only those built in the United States. That was on top of another $3.5 billion promised in the last four years, including investments to make electric school and transit buses, produce and process critical minerals needed to make batteries, and for research and development facilities.
"It’s not just accessing the supply of minerals. It’s: how do we improve the entire process, and how do we do things much better in a environmentally-sustainable way?" he said. Joanna Kyriazis, program manager of clean transportation for Clean Energy Canada at Simon Fraser University, said agreements like this show that Canada’s finally capitalizing on its battery supply chain potential and emerging as a dominant player in the electric vehicle battery industry."Despite being ranked high for its battery supply chain potential, very few of Canada’s metals and minerals are actually making their way into batteries right now," she said.
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