If Canada desires a Stellantis battery plant, it has to ‘pony up,’ says analyst

Greg Mordue, assistant schoolteacher at McMaster College and previous auto government, tells BNN Bloomberg that Canada old to handover 20 in step with cent of the capital value of an automaker’s mission, however the U.S. Inflation Relief Office compelled the federal government to handover 200 in step with cent of the Volkswagen EV battery plant’s capital value, and Stellantis will call for alike phrases.

He says not like the US, Canada isn’t getting a lot in go back for those plethora subsidies, corresponding to fairness, seats on a board of governors or business infrastructure continuously discovered alike the headquarters of automakers.

He says the federal government will have to make a decision if the spending on extra auto factories is utility it.

You’ll be able to oversee his whole interview with BNN Bloomberg beneath.