US EditionHonda 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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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
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