Canada Seeks to Boost EV Supply Chain with Local Production

Government Talks Underway with Potential Investors

Ottawa, May 4 (Reuters)

Canada is actively pursuing discussions with companies interested in establishing electric vehicle (EV) production facilities within the country. The move aims to bolster the nation's EV supply chain and capture the economic benefits of a burgeoning industry.

The Liberal government's commitment to supporting EV development through subsidies of $314 billion underscores the scale of investment required. Officials recognize the long-term economic benefits of establishing a robust domestic EV battery supply chain.

Industry leaders are urging governments at all levels to address gaps in the supply chain, highlighting Canada's abundant critical mineral deposits and strong environmental and regulatory frameworks as key competitive advantages.