Friday, December 30, 2022

TAXPAYERS INVESTING $BILLIONS IN EV MARKET

Prime Minister Justin Trudeau and Ontario Premier Doug Ford were on hand as GM’s Brightdrop division rolled out an electric delivery van and announced a major order from courier company DHL. Getting GM to make the van in Ingersoll, and keeping the 400 jobs there came at a cost of over $500 million split between Ontario and the federal government.

 It’s part of at least $2 billion and likely much, much more spent to ensure electric vehicle manufacturing stays in Canada. Industry Minister François-Philippe Champagne said he has absolutely no problem justifying the taxpayer dollars pumped into multi-national companies like GM, Honda and Stelantis, Chrysler’s parent company.

“Governments have to be part of the equation and I would say the return on investments is some of the best you can find in the market,” Champagne said in an interview with the National Post.

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