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Honda to build electric vehicles and battery plant in Ontario: sources
- Honda Canada will construct an electric vehicle battery plant near its Alliston facility, planning to produce fully electric vehicles. The plant will be the third in Ontario, following Volkswagen and Stellantis LG.
- Honda's deal with the government for the electric vehicle chain will involve capital commitments and tax credits, not production subsidies like other deals.
- Federal Finance Minister Chrystia Freeland introduced a 10% investment tax credit for Electric Vehicle Supply Chain related buildings, with an additional 30% credit for Clean Technology Manufacturing investments.
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22 Articles
22 Articles
Japan's maker hopes to reach the electric vehicle sales threshold, an area that lags behind North America — the second largest auto market in the world, after China.
·Rio de Janeiro, Brazil
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Japanese carmaker Honda has decided to locate its next multi-billion-dollar electric vehicle plant in eastern Canada, a Canadian government source told AFP on Monday.
·Romania
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Honda to build electric vehicles and batteries in Ontario, says source
OTTAWA : Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to be announced this week, a source with direct knowledge of the deal said on Monday.Under the terms of the agreement with Ottawa and Ontario, Honda will
·Singapore, Singapore
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Coverage Details
Total News Sources22
Leaning Left10Leaning Right2Center7Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 37%
Factuality
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