Honda to Build Major EV Plant in Ontario

The multibillion-dollar investment marks Canada's largest industrial deal, set to boost the country's electric vehicle production capacity.

Honda is expected to announce a significant investment this week to establish a new electric vehicle plant in Ontario, involving the construction of facilities for batteries and EV assembly.
The deal, described as the largest in Canadian history, is supported by both federal and provincial government incentives, including a new 10% business tax credit for construction related to the EV supply chain.
Premier Doug Ford announced the deal, noting it would be double the size of a previous investment by Volkswagen, emphasizing its historic scale.
The plant will be located in Alliston, Ontario, about an hour outside Toronto, enhancing Canada's position as a key player in the North American electric vehicle market.
Honda's commitment aligns with its goals to sell only zero-emission vehicles by 2040 and achieve carbon neutrality in its operations by 2050.