Biden’s EV subsidy could squeeze Canada out of EV-making business

November 22, 2021

Part of Joe Biden’s Build Back Better plan, which includes an EV tax credit subsidy, passed the House. However, there are cries from Canadian economic nationalists that “if the subsidy only goes to American-made cars, as planned, it could simultaneously squeeze Canada out of the business of making EVs, resulting in an unfavourable effect on well-paying Canadian jobs,” said CBC. Among other things, the big automakers would build their plants in the U.S. rather than in Canada. (Source: CBC) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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