Canada Announces $5 Million Investment in Homegrown ‘Project Arrow’ EV

According to a report by Tesla North, the Government of Canada has announced an investment of $5 million CAD for the development of a homegrown ‘Project Arrow’ concept electric vehicle.

The investment will be used by the Automotive Parts Manufacturers’ Association (APMA) to lead the development of an autonomous, zero-emission concept vehicle that’s made-in-Canada. The project will also create 80 jobs and support 40 Windsor, Ontario-based businesses in the process.

Members of the APMA make up 90% of all independent automotive parts manufacturers in Canada, notes the government. These relationships will result in partners to design, engineer and build the concept electric car.

“Investments like the one made today in Project Arrow is advancing our country’s shift toward electrification in the automotive and manufacturing sectors, a critical step towards reaching the Government’s goal of accelerating Canada’s net zero emissions future,” said Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario.

A virtual platform will also be created to help test and validate technologies before they are added to the real EV.