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Canada Announces Can$590 mn Investment in Ford Electric Car Plant

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The government of Canadian Prime Minister Justin Trudeau and the province of Ontario have announced a Can$295 million (US$223 million) investment in a Ford plant, which has been named the largest electric vehicle plant in North America.

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At a joint news conference with Ontario Prime Minister Doug Ford, Trudeau estimated the investment at a total of Can$ 590 million (nearly US$446 million) “one of the first steps in building the next generation automotive industry.”

“It will also help Canada – if Canadians buy factory-made electric vehicles – move towards its zero carbon emissions target by 2050,” he said.

The assembly plant in Oakville, Ontario, will be renovated as part of a deal announced last month between Ford Motor Company and Canadian Unifor to build five new models of electric vehicles and their batteries. The project is estimated at $1.8 billion and will provide up to 5,400 jobs in Canada, including over 3,000 at the Oakville plant.

“Today’s announcement is the largest investment in the Ontario automotive sector in 15 years,” said Doug Ford, adding that the plant “will be the largest electric car plant in North America.”

According to him, “this is a historic moment.”

In Canada, according to statistics, 1.9 million new cars were registered last year, but although sales of electric vehicles jumped by almost 40 percent, they represent a very small fraction of the total number of cars and trucks on Canadian roads.

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