Ottawa: The Parliamentary Budget Officer says the total cost of provincial and federal support for electric vehicle battery manufacturing in Canada will be 5.8-billion-dollars more than government projections.
The P-B-O’s report analyzes the costs to governments of recent deals struck with Northvolt, Volkswagen and Stellantis-LGES to
locate E-V battery manufacturing facilities in Canada.
It pegs the total cost of government support at 43.6-billion-dollars between 2022 and 2033.
The report says the extra 5.8-billion-dollars represents foregone corporate income tax revenues for the federal, Ontario and Quebec governments.