Canada Bolsters Electric Vehicle Industry with Multibillion-Dollar Investments

Several global automakers, including Honda and Volkswagen, are establishing major EV and battery production facilities in Canada, supported by substantial government funding.

Honda announces a $15 billion investment to build an EV battery plant and retool existing facilities in Alliston, Ontario, with significant public funding.
Volkswagen to construct a $7 billion EV battery plant in St. Thomas, Ontario, aiming to support one million vehicles annually.
Umicore plans to start production of battery components in Loyalist Township by 2026 with nearly $1 billion in federal and provincial funding.
Stellantis and LG Energy Solution's joint venture in Windsor is set to create 10,000 jobs, enhancing the local auto industry.
General Motors opens Canada's first full-scale electric vehicle manufacturing plant in Ingersoll, marking a significant step in the country's automotive sector transformation.