Accelerate welcomes yesterday’s Spring Economic Update (SEU) and the federal government’s commitment to positioning Canada as a premier global destination for investment.
Building Canadian Power in Advanced Battery Materials
As the Canada Strong Budget (2025) deploys $280 billion in capital investments over five years, Canada’s battery sector is experiencing a rare alignment of political will, infrastructure funding, and market demand.
Accelerate welcomes yesterday’s Spring Economic Update (SEU) and the federal government’s commitment to positioning Canada as a premier global destination for investment.
Building Canadian Power in Advanced Battery Materials
As the Canada Strong Budget (2025) deploys $280 billion in capital investments over five years, Canada’s battery sector is experiencing a rare alignment of political will, infrastructure funding, and market demand.
Whether it’s a hiccup or just headwinds, something is happening in the electric vehicle market. Despite EV sales in the US and Canada continuing to carve out record shares of the new vehicle market, the second half of 2023 has started to see quite a bit of handwringing on the future of the ZEV industry.
In the early part of this year, we’re looking forward to seeing whether and how Canada adopts an industrial policy approach to catalysing growth across the ZEV supply chain. In her Fall Economic Statement, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, indicated that, in response to the U.S. Inflation Reduction Act, the federal government would employ “a real, robust industrial policy” to facilitate the transition to a net-zero economy.
An Alliance between key players marks the start of an initiative aimed at building a robust, cross-Canada Zero Emission Vehicle (ZEV) industry supply chain
