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Canada needs 20 years to break even on Stellantis, Volkswagen subsidies

Canada's parliamentary budget officer estimated that the government would take twenty years to recoup the C$28.2 billion in electric vehicle battery production subsidies provided to Stellantis-LG Energy Solutions and Volkswagen.

Isabeau van Halm
Canadian Prime Minister Justin Trudeau in Windsor, Ontario, on May 2, 2022, where Stellantis announced a C$3.6 billion investment to accelerate the company’s electrification plans. Source: Stellantis

Canadian Prime Minister Justin Trudeau in Windsor, Ontario, on May 2, 2022, where Stellantis announced a C$3.6 billion investment to accelerate the company’s electrification plans. Source: Stellantis

In July, Canada and Ontario's governments announced production subsidies of up to C$15 billion for Stellantis-LGES. In April, Volkswagen had already fixed support of around C$13.2 billion for their...

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