Canada and Ontario are experiencing a surge of historic investments across the electric vehicle (EV) supply chain, signaling a transformative shift towards sustainable transportation and job creation. Last month, Volkswagen announced a monumental $7 billion investment to establish its first overseas EV battery manufacturing plant in St. Thomas, Ontario. This landmark deal, the largest of its kind in Canadian history, underscores the confidence in Canada's highly skilled workforce, robust economies, and competitive business environment. The plant, set to become Volkswagen's largest globally, will generate up to 3,000 direct jobs and an estimated 30,000 indirect jobs. Expected to commence operations in 2027, it will produce batteries for up to one million EVs annually, bolstering Canada's domestic battery manufacturing capacity. This initiative is poised to inject approximately $200 billion into the economy, making it the largest manufacturing plant in Canada. Concurrently, Ontario will invest in infrastructure projects to support the growth of St. Thomas and surrounding areas. These investments, coupled with previous commitments from global automakers and EV battery suppliers, demonstrate Canada and Ontario's leadership in the transition to electrification. With abundant resources and skilled workers, the region is poised to remain at the forefront of the EV revolution, fostering a strong economy, creating high-paying jobs, and promoting environmental sustainability for generations to come.
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