Budget 2022: Investment in EV Supply Chain

April 7, 2022, Ottawa, ON – Accelerate, Canada’s zero-emission vehicle (ZEV) supply chain alliance, welcomes the federal government’s commitment to growing our economy through the green transition. Investments announced in Federal Budget 2022 to fund the implementation of Canada’s first Critical Minerals Strategy, attract global critical minerals supply chains, continue incentivizing ZEV adoption, deploy national charging and refuelling infrastructure, and introduce the new Canada Growth Fund will help to catalyze our domestic ZEV supply chain and begin realizing our country’s enormous potential.

“Now is the time to seize the immense opportunity in front of us to ensure Canada emerges as a key player in the global zero-emission vehicle market,” said Matthew Fortier, President and CEO of Accelerate. “The investments announced in budget 2022 are very encouraging for our industry as we build partnerships and develop strategies to leverage Canada’s natural resources and human capital. The ZEV supply chain could be a lynchpin of our country’s future economic success, and we must not let this opportunity pass us by.”

Through Accelerate, private, public and labour sector leaders from across the country’s ZEV ecosystem have come together to build supply chain relationships and shape strategies to ensure growth and success in this critical, future-focused sector. An essential component of this network is the Canadian Battery Task Force, co-chaired by Accelerate and Clean Energy Canada, which brings together experts from across the battery supply chain to advise federal and provincial governments on how to lead in the production of sustainable battery materials and technology.

The ZEV supply chain is an emerging opportunity for critical minerals and metals, and it includes batteries, motors, specialty alloys, and hydrogen fuel cells. The focus in Budget 2022 on developing a Critical Minerals Strategy to support the growing North American and global demand for ZEVs will help to realize a vision of Canada as a leader in ZEV development and result in the creation of good jobs and inclusive economic growth.

“Building a roadmap for the zero-emission vehicle supply chain that includes critical mineral development and ZEV production is a key to Canada’s future economic and industrial success,” said Fortier. “Today represents a positive step towards this goal. We look forward to working with governments to develop a robust supply chain and multiply the economic opportunities that the zero-emission vehicle movement creates.”

Bringing together over 30 key players from across Canada’s ZEV landscape, Accelerate is a forum for members to collaborate, strategize and advocate for priorities to support the accelerated development of a ZEV supply chain in Canada. A full list of members is available at acceleratezev.ca/our-members.

For more information or to request an interview, please contact:

Carrie Croft

Strategic Communications Advisor, Accelerate

Senior Consultant, Temple Scott Associates

ccroft@tsa.ca

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