The government claimed Volkswagen investment would pay back 'in less than five years'
Canada’s parliamentary budget officer estimated that the government would take twenty years to recoup the C$28.2 billion in electric vehicle battery production subsidies provided to Stellantis-LG Energy Solutions and Volkswagen.
Canadian Prime Minister Justin Trudeau in Windsor, Ontario, on May 2, 2022, where Stellantis announced a C$3.6 billion investment to accelerate the company’s electrification plans. Source: Stellantis
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