‘They see stability and calm here’: Canada looks like a good place to invest to some EV producers

Posted on December 7, 2022 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

The electric vehicle transition in North America kicked off nearly a decade ago with Tesla Inc. chief executive Elon Musk moving at breakneck speed, but now it’s shifting to a different phase: the slow and boring chapter in which automakers take months — or years even — to decide where to build their EV operations.

“It’s clear that energy security, food security and supply chain resiliency is top of mind to leaders around the world,” Industry Minister François-Philippe Champagne said at a press conference on Dec. 5 in Germany, where he was meeting with Volkswagen AG and other automakers. “Canada is in many respects the answer.”