Because most battery mineral refining is done in China today, “there’s just no way” most North American-made EVs will reach those eligibility targets within the Inflation Reduction Act with current supplies, says Trent Mell, CEO of Toronto-based Electra Battery Materials Corp.
Consolidation “didn’t come as quickly” for Quebec as it did for the rest of Canada, says Sylvie Gagnon of Templeton Marsh. But as new buyers enter the province and single dealerships or small groups weigh their future, she anticipates at least five busy years as some groups bulk up and others exit the business.
Deliveries of new battery-electric and plug-in hybrid vehicles that qualify for the Zero-Emission Vehicles (iZEV) program climbed to a new 2022 high in August, while a surge in Model 3 deliveries gave Tesla back the top spot as the largest-volume brand under the federal program this year, according to data from Transport Canada.
Dodge Charger and Challenger production at Ontario’s Brampton Assembly Plant (BAP) is scheduled to end in 2024, but according to forecasting firm AutoForecast Solutions (AFS), both muscle car programs will stay in the province, while an electrified product from Jeep will take over their floorspace at the BAP.
Canada’s minister of innovation, science and industry sat down with representatives from Ford, General Motors, Stellantis and Tesla in meetings in Detroit and California this week, as the federal government continues to pitch automakers on investing in Canada.
Canada’s early headway in building an electric vehicle battery supply chain could lead to an industry worth nearly $50 billion that supports about 250,000 domestic jobs across the automotive, battery manufacturing and mining sectors by 2030, according to a new report.
Ontario Minister of Economic Development, Job Creation and Trade Vic Fedeli will head to Asia late this week for meetings with potential automotive and battery industry investors as the province looks to add to the tally of electric vehicle supply chain investments it has racked up so far this year.