#Canada in ‘active discussions’ with EV supply chain companies – Minister
OTTAWA, May 4 (Reuters) – Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government seeks to cut carbon emissions to net zero by 2050 and play a role in the shift toward greener cars.
There are “very active discussions with a number of players” to develop an EV supply chain, Industry Minister Francois-Philippe Champagne said in an interview last week.
Canada is urging critical minerals producers and processors to scale up production. It has invested in EV projects through a multi-billion dollar fund set up in 2020, and last month pledged C$3.8 billion ($3 billion) over eight years to help boost the production and processing of critical minerals used for EVs.