Volkswagen

Canada Gives Over $13 Billion to Volkswagen for EV Battery Plant

Summary: Canada's federal government offers $13 billion in subsidies to secure Volkswagen's first electric vehicle battery gigafactory outside Europe, supporting the country's position in the auto sector. The funding includes annual production subsidies and capital cost grants, aligning with financial incentives provided by the US's Inflation Reduction Act. Despite criticism over the subsidy size, the...