May 02, 2022
By Christine Ross
With Ontario’s election one month today, province has announced more investments into electric vehicles.
Canada and Ontario are jointly investing more than $1 billion to help Stellantis retool its Canadian auto plants to make electric vehicles.
Stellantis is the new company created a year ago by the merger of Fiat Chrysler and France’s Group PSA. It will invest another $2.4 billion to the projects.
“Together, we are making Ontario a leading jurisdiction for electric vehicles from research to development to rolling off assembly line, it’s all happening right here in Windsor,” said Premier Doug Ford.
Prime Minister Justin Trudeau says this is a major vote of confidence in Canada’s auto sector.
“Not only are we growing a world leading auto industry, creating hundreds of jobs and securing thousands more, we’re keeping our air clean by building and driving more EV’s here at home,” said Trudeau.
The plans include creating flexible assembly lines that could pump out battery-electric and hybrid vehicles at Stellantis plants in Windsor and Brampton. Stellantis is also expanding its research facility in Windsor to include a battery pack testing hub and an electric vehicle research centre.
Last month, Canada and Ontario invested $259 million each in part to transform GM’s CAMI Assembly Plant in Ingersoll, to become Canada’s first full-scale commercial electric vehicle production factory.
Meantime, in the U-S, President Joe Biden kicked off a $3B dollar plan to boost battery production for electric vehicles.