Login

Canadian Officials Defend Major Subsidies for Volkswagen Battery Plant

Government Unveils Details of Deal It Had Kept Under Wraps for Over a Month
Volkswagen is spending 7 billion Canadian dollars on an electric vehicle battery manufacturing plant to open in 2027 in St. Thomas, Ontario. (Volkswagen)
Volkswagen is spending 7 billion Canadian dollars on an electric vehicle battery manufacturing plant to open in 2027 in St. Thomas, Ontario. (Volkswagen)
CoStar News
April 24, 2023 | 10:45 P.M.

Canada is rolling out subsidies of up to 13.2 billion Canadian dollars in a record deal for German automaker Volkswagen's first battery plant outside Europe, showing the U.S. it has some deep pocketed competition in wooing electric vehicle investments.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In