Sunday, January 23, 2022
News Ontario, Feds, Each to Invest More than $250m Toward EVs at Ford...

Ontario, Feds, Each to Invest More than $250m Toward EVs at Ford Oakville Plant

Each branch of government to put in $250 million toward Ontario-built EVs

  • More than $500 million part of $2 billion investment in Canadian EV production

  • Announcement expected by Ford, Ford, and Trudeau later today


Both the province of Ontario and the federal governments are going to be a big part of an investment into building electric Fords at the automaker’s Oakville, ON, plant. The official announcement is expected to be made by Prime Minister Justin Trudeau and Ontario Premier Doug Ford later today.

Speaking at the conclusion of contract negotiations between Ford and Unifor, who represents many autoworkers in Canada, late last month, Unifor National President Jerry Dias was asked about government contributions to go toward the five new electric models that would be built at the plant starting in 2025 if the contract was ratified. Dias said he would wait and let the governments make their own announcement, and The Canadian Press reported news of the official announcement early this morning.

Premier Ford will be at the Oakville plant with representatives from Ford to make the announcement, while Trudeau and Dias will attend virtually from Ford’s connectivity and innovation centre near Ottawa. The two governments are expected to each contribute more than $250 million, part of a total $2 billion investment into retooling the Oakville plant from building gas-powered crossovers to making yet-unannounced electric vehicles.

There are more than 3,400 workers in Oakville, and this investment is expected to help save the majority of jobs at the plant. The CP reports that the federal government hopes that the investment will help boost other Canadian industries like those mining for nickel and other metals used in EV battery production.

Trending Now

Electric RVs will Soon be a Reality

With all the interest generated by electric propulsion in the world of transportation in general, it is only natural to believe that the recreational...

Unplugged Performance Teams Up with Koenigsegg for Carbon Tesla Parts

Unplugged will sell wings and fenders made by Koenigsegg Will use same carbon fibre Koenigsegg uses on its hypercars Is it a stretch to...

Shell Believes EV Hubs will Replace Gas Stations

These hubs will be similar to a gas station, with a convenience store and a café The central location of many gas stations...

De Tomaso Blames Pandemic, Cancels US Plant in Favour of ‘Ring Works

P72 set to start customer deliveries early 2023 Company blames pandemic delays for cancellation of US plant The return of sports car builder De...

2023 Chevrolet Corvette Z06 Pricing to be Announced in March

The 2019 C7 retailed for $82,000 US. Most are guessing that $85k to $90k will be the price. The Chevrolet Corvette had a few...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.