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Can I read Canada Competes for Battery Projects on EtoBox?
Canada Competes for Battery Projects by Matt Blois is a Medicine article available to read on EtoBox.
What is Canada Competes for Battery Projects about?
Business Concentrates Canada is attracting lithium-ion battery manufacturing projects by increasing subsidies while highlighting its access to renewable electricity and battery raw materials. The success comes despite billions of dollars in incentives from the Inflation Reduction Act (IRA) designed to lure projects to the US.Canada's latest success came in May when a joint venture between General Motors and the South Korean chemical firm Posco decided to increase its investment in a battery cathode plant already under construction in Quebec. The governments of Canada and Quebec offered $300 million in financing for the plant.Canada is also negotiating with Umicore to determine how much support it will provide for a planned cathode manufacturing facility in Ontario. And the government told Volkswagen in April that it would match the tax credits offered by the US to attract a battery cell plant to Ontario, a deal worth billions of dollars.The Canadian Critical Minerals Strategy, a plan to turn the country into a key supplier of battery materials, is backed by $2.8 billion in government funding. But that pales in comparison to the $142 billion the US will provide through the IRA, acco
Who reads Canada Competes for Battery Projects?
It is typically read by researchers, students, and practitioners in Medicine.
- Author
- Matt Blois
- Publisher
- American Chemical Society (ACS)
- Published
- 2023
- Language
- EN
- Field
- Medicine (Physical Sciences)