World : Canada Announces Can$590 Mn Investment in Ford Electric Car Plant

Prime Minister Justin Trudeau's government and the province of Ontario announced Thursday investments of Can$295 million (US$223 million) each in a Ford factory billed as the largest electric vehicle plant in North America.

At a joint news conference with Ontario Premier Doug Ford, Trudeau called the investments totaling Can$590 million "one of the first steps to build a next-generation auto industry."

It will also help Canada if they buy the electric vehicles produced at the plant to move toward its goal of net zero carbon emissions by 2050.
 

Source : https://auto.economictimes.indiatimes.com/news/industry/canada-announces-can590-mn-investment-in-ford-electric-car-plant/78584930
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Smart Grid Bulletin October 2020


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