Stellantis, Trudeau invest $2.8bn in EVs in Canada

Stellantis announced on Monday that it will invest $2.8 billion (CAD 3.6 billion) in two of its Canadian operations to enhance electric vehicle manufacturing.

The money comes from Stellantis’ $35.5 billion commitment to electric vehicles and new software over the next year as part of its plan to phase out internal combustion engines and become carbon-neutral by 2038.

During an event at the automaker’s Automotive Research and Development Center in Windsor, Stellantis North America chief operating officer Mark Stewart and Canadian Prime Minister Justin Trudeau announced the redevelopment of the Windsor and Brampton, Ontario plants.

The Canadian government and the Ontario government, which plan to invest up to $410.7 million (CAD 529 million) and $398 million (CAD 513 million), respectively, alongside Stellantis, will provide about a third of the new funds, indicating that Canada is keen to support domestic EV production at a time when advancing climate change initiatives coincide with increasingly dire supply chain constraints.