Canada is making a significant push to enter the electric vehicle (EV) battery business by providing substantial subsidies, reaching tens of billions of dollars. However, questions arise about the impact of Canada's late entry into this competitive market on its quest for "superpower" status in the EV industry. The Globe has undertaken an extensive examination of the EV battery supply chain, assessing obstacles and opportunities at every stage. Despite the late start, Canada's strategic subsidies aim to bolster its position in the EV market, emphasizing the importance of securing a foothold in the rapidly growing battery sector. The nation's ambitious goals include becoming a major player in the global battery supply chain. The analysis spans the entire supply chain, from raw materials to manufacturing and recycling, shedding light on potential challenges and areas for growth. Canada's endeavors underscore a global shift toward electric vehicles, and while the timing may present challenges, the substantial investments and strategic focus indicate a commitment to leveraging opportunities in the evolving landscape of electric mobility.
Read more from the below link:
コメント