Why Are Investors Eyeing Canada's Booming EV Market?

The Canadian government has also announced tax break for zero emission vehicle (ZEV) manufacturers, including battery makers, and hydrogen-powered vehicles.

Canada has also been pushing for low-carbon hydrogen economy and Alberta will be its first hydrogen hub.

Canada is known for its efforts to lead the global transition to eco-friendly electric vehicles. Now, with more American EV companies investing in Canada-based facilities, the country could be closer to its goal than ever before. Canadian trade union Unifor has voted in favour of General Motors’ plan. Ford Motor Company (NYSE:F) also plans to invest about US$ 1.2 billion in the production of battery-powered vehicles in Ontario.

The facility is expected to be functional by 2025. The federal and provincial governments have also promised to contribute over C$ 250 million for the Michigan-based automaker’s production bid, which has been greenlit by the members of trade union Unifor.

The website https://kalkinemedia.com/ca is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001. The principal purpose of the content on the website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK