VW battery-plant deal to cost feds closer to $16.5B, says PBO

Justin Trudeau in St. Thomas with Volkswagen Officials — The federal government announced in April the details of the deal — which would see Volkswagen build its first gigafactory outside of Europe —and promised it would create up to 3,000 direct jobs and 30,000 indirect jobs. (THE CANADIAN PRESS)

TC

By:

The Canadian Press

June 14, 2023 03:02 PM

OTTAWA — The parliamentary budget officer says Canada's exclusive contract with German auto giant Volkswagen to build an electric-vehicle battery plant in southwestern Ontario will cost the federal government up to $16.3 billion over the next ten years.

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