Canada revs up its EV batteries manufacturing ...Middle East

Daily Sun - News
Canada revs up its EV batteries manufacturing
source : Daily Sun ( Middle East ) () 49
MONTREAL: As the world accelerates toward emissions-free driving, Canada is making a big push into batteries for electric vehicles -- touting tax incentives, bountiful critical minerals and clean energy to attract multinationals.Its efforts appear to be paying off with companies such as Volkswagen and Stellantis opening plants and more than Can$18 billion (US$13 billion) in investment attracted to the sector, which is emerging as second only to top battery manufacturer China.This week Ottawa doubled down with the introduction of a 30 percent tax credit for new machinery and equipment used to manufacture clean technologies, and to mine or recycle cobalt, lithium, nickel and other critical min

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