Honda to build Canada’s first comprehensive electric vehicle supply chain
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- Опубликовано: 28 апр 2024
- April 25, 2024
Prime Minister Justin Trudeau announces Honda Canada’s milestone investment, which will build a world-class EV assembly plant in Ontario, deliver good-paying jobs, and drive economic growth and innovation.
www.pm.gc.ca/en/news/news-rel...
Didn’t the last company you threw money at regarding EV’s disappear with the cash? What did it cost us…$13 billion? GFY!
You think they get paid immediately? 😂
Trudeau is a joke.
Could you provide further elaboration on your assertion? As far as I'm aware, none of the companies that the current government has invested in have failed, as they are all still in progress.
The Trudeau government has provided significant financial support to various electric vehicle (EV) initiatives in Canada, including Northvolt's plan to build a massive EV battery manufacturing plant in Montreal. This project, expected to be completed by 2026, aims to create up to 3,000 jobs and produce enough battery cells to power around one million electric vehicles annually. However, such investments come at a substantial cost, with the federal and provincial governments contributing $2.7 billion and offering production incentives totaling up to $4.6 billion. These subsidies aim to bolster Canada's position in the global EV industry, alongside other initiatives like the Ford EV plant in Quebec and the Stellantis-LG battery plant in Ontario. Transparency in funding allocation is crucial to ensure accountability and trust with taxpayers. The success and impact of these investments will unfold over time. So we all need to be patient.
Stellantis and LG Energy Solution: In March 2022, Stellantis NV and LG Energy Solution announced plans to invest over $5 billion in building a lithium-ion battery plant in Windsor, Ontario, with financial support from the governments of Canada and Ontario.
EV Charging Infrastructure: The Canadian government is investing in EV charging infrastructure, with funding announced for 6,000 EV chargers during national EV Week, totaling CAD 45 million. Companies like Hydro Québec and Shell Canada are among the beneficiaries of these funds.
Honda’s Investment: Honda is investing $15 billion in new EV assembly and battery-cell plants at their Alliston campus in Ontario, aiming to expand their presence in the EV market.
Research and Supply Chain Support: The federal government is allocating $83.5 million over three years to support research at the Canadian Light Source facility, covering various areas including electric vehicle technology. Budget 2024 proposes a new electric vehicle supply chain tax credit to bolster Canada's automotive industry and create jobs.
@@cleopatrasnile 15 billion is an insane amount of money. This is just a handout to a company (formally Peugeot who acquired Fiat) whose CEO is partner with the WEF. This is all Davos nonsense, a massive waste of taxpayer dollars!
@@cleomenes01 Since it utilizes taxpayer funds, all government spending could be perceived as allocations or distributions (handouts). Whether $15 billion is an absurd amount depends on perspective. It represents a strategic investment in sustainable technology, job creation, and economic growth. The government’s goal is to foster innovation, reduce emissions, and position Canada as a leader in the global EV market. While some may view it as a handout, it’s essential to consider the long-term benefits. Investing in EVs can lead to job creation, technological advancements, and environmental gains. The government likely sees this as a strategic move to boost the economy, create jobs, and address climate change.
As for your concerns with the Peugeot and Fiat Merger, the merger aimed to create a stronger automotive entity, but like any major corporate action, it had both potential benefits and challenges. Whether it was ultimately “bad” depends on various factors, including market dynamics, regulatory impact, and long-term outcomes. So we will see.
What innovative proposals do you have in mind? How would you allocate taxpayer funds? Share your ideas on government investments that prioritize the future of Canadian taxpayers without merely redistributing funds among them.
Nobody wants this. Our grid cant handle all the electric cars.
Speak for yourself
Absolutely it can! LOL, British Columbia's electrical grid is well-equipped to handle the increasing number of electric vehicles (EVs) hitting the roads. Allow me to clarify, as it seems you haven't conducted your own research.
BC Hydro is at the forefront of facilitating the transition to electric mobility. They've been expanding their public charging network, offering incentives for EV purchases, and closely monitoring the EV market's evolution.
BC Hydro has foreseen the surge in EV adoption and has projected the demand accordingly. By 2030, they anticipate around 330,000 EVs on BC roads, with an additional 1,000 gigawatt-hours of electricity load per year. Fortunately, BC Hydro has the capacity to meet this demand.
BC Hydro's groundbreaking vehicle-to-grid pilot project for medium and heavy-duty EVs demonstrates their commitment to innovation. This initiative not only supports EV owners but also enhances grid flexibility and resilience.
With 98% of BC Hydro's electricity generation already coming from clean sources, including renewable energy, the province is well on its way to a sustainable energy future. The plan to acquire 100% of additional electricity from renewable or clean sources further reinforces BC's commitment to environmental stewardship.
Since 1980, BC Hydro has been a key player in providing 98% clean electricity to British Columbia.
While BC Hydro is prepared, it's crucial to acknowledge the challenges Canada faces in adapting its electricity systems to accommodate the increasing EV adoption. Addressing these challenges will require concerted efforts and innovative solutions.
In conclusion, BC Hydro's proactive measures and commitment to clean energy position the province favorably to handle the influx of EVs. The transition to electric mobility aligns with BC's environmental goals and contributes to a cleaner, greener future for the province.
@@cleopatrasnilemy friend bought a Tesla before and had no issues driving it from Vancouver to Nova Scotia… her onboard computer even told her where there was FREE charging, such as right here in our small town at the Local Government Building! Not fast charging, but we were visiting anyways! Like anything else, the technology is only going to get better and my friend said the batteries can be recycled, expensive but isn’t gas!
You don't know where the materials for these batteries come from or how toxic they are for our environment, do you? But your friend must know everything there is to know...
EVERYONE wants this.
This guy is a weird blend of Peter Pan, a 14-year-old cheerleader, and Caracalla.
Dont forget his 12 year old girls structure. Hes built like an astronaut that soent too long is spce
Typical conservative banter, degrading a liberal man by saying he looks like a girl
TOTALLY AWESOME
☘️☘️
I'm thrilled about this latest announcement! This initiative promises a host of benefits. The establishment of the plant will open up a multitude of job opportunities across various sectors, providing stable employment and competitive salaries. Honda's investment reflects a belief in Canada's potential in the electric vehicle market, attracting further investments and driving economic growth. Cutting-edge technology and research will drive progress in electric vehicles, battery technology, and sustainable practices. By producing electric vehicles domestically, Canada can reduce its carbon footprint, aligning with global climate change efforts. This move will elevate Canada's automotive industry in the electric vehicle sector, reaffirming the nation's dedication to environmentally friendly technology and innovation.
absolute bulls*T!
You are prime minister of khalistan,divide to part of Canada, one for khalistan and another for Canadians people.😂😂😂😂
☺️☺️☺️☺️☺️🥰🥰🥰
Semiconductors and electric cars is huge for us.
These materials for electric car batteries are rare and this government want to force people to only buy these products that's called socialism and not the only place doing it California also with a population of 39 million, prices will sky rocket and quota with the red tape fees and penalties will make us all poor it's impossible to be 100 percent green energy these products are mined with diesel machines already.
absolute bulls*T!
Independence in interdependence of countries is a powerful lever for sustainable development throughout the world
EV's are still very pricey and there are other issues to consider as well, such as the fact that it will be China that controls most of the mining for the batteries. Also the actual mining process itself in certain places(like Cobalt in the Congo) and child labour. It's an awful lot of money per job created and anything that comes from this government must be taken with a huge grain of salt. Don't forget to give this video a thumbs down before you leave!
By the way, we have loads of cobalt in Canada and a number of ev battery manufacturers are turning to Canadian sources. It would help if the Con provinces would stop turning that business away though! Those Con provinces and the Con federal party act only for the fossil fuel sector. How about all those fires destroying over 40% of the boreal forest and destroying lives and properties as well. That increases your insurance costs. Get better informed. Turn to other sources than Canadian mainstream media.
I'm not a big fan of EV's however, friends of mine in Los Angeles claim they spend only $20 in gas each month. They have a hybrid. It might be a pain to wait 3 hrs to charge a battery but how is it any different from charging your phone? This is the world we live in and it might help freshly minted engineering graduates to get jobs in this sector.
My 2010 Ford Escape Hybrid is fantastic when it comes to fuel efficiency! With just $40, I can cover 350-400 kms. Although, I do wish I had the means to invest in an electric vehicle.
The difference is if everyone charges their phones nothing happens.... if everyone charges their cars te grid goes down.
@@fliipso I have to admit you raise a valid point! Maybe that's where the "innovation" bit comes in?
@@bluebellrose8 thanks. I do like EVs but I think there's a lot of infrastructure that needs to be in place before the majority of people buy one as their primary vehicle
Love this vehicle good job Canadian Politicians
🇨🇦🎎🥇🚘🚗🇯🇵🍁 Japan & Canada 👍
Does democracy work when you throw the opposition leader out of queztion period? Its obvious youre not in his league with your high school education
I think you must be referring to the latest Con dictator. Haven't you heard about all the various Con provinces removing rights and freedoms, including removing elected officials simply because the Conservatives don't like them? And those Con provinces are acting under the direction of the federal Cons.
Dude go back to the mental ward that let you out due to overcrowding caused by your honorable trudumb, and demand they take you back. You are a threat to yourself and others.
Resign please.
Why not explore alternative ways to express your frustrations? Perhaps consider delving into some reading? Doing a bit of research on the video topics before sharing your thoughts? Might help... might not.
@@cleopatrasnile Resign Please.
Adjusted net earnings for Honda in 2023 were US$86.7 million-a 111.6 percent increase over US$41 million in 2022. Net earnings per share increased an equal amount, to US$4.04 per share compared to US$1.91 in 2022. The company added 106 new locations last year, which included 78 acquisitions and 28 start-up locations.
The Canadian Tax payer NEEDS to support Honda, not Ukraine now.
If we don't support the Ukraine Putin will just keep pushing until the planet is under his control. Or did you not realize that the Con party is under his control, whether they're aware of it or not!
Wonderful news for Canadians. My buddy raves about his hybrid will likely be my next vehicle 🚗
absolute bulls*T!
You rock JT!!!! 🍁🍁🍁 I've worked in a car plant, they can be good jobs when implemented well and while respecting labour.
Awesome. Canada is supporting child growth in the country.Some candians originating from India are lethargic for having children.Can any laws for this can be made in your country
absolute bulls*T! So you like paying carbon taxes? Emission targets have never been met. It's a big scam, nothing more.
Exciting announcement? Are you resigning!!!!!!!!
WACKO! WACKO! WACKO! WACKO!
This feels sketchy. Kind of like all the money he gave vw who the experts know are in their death throws. Why? Because their vehicles are lemons and cost a fortune to fix.
🇨🇦
.............................................THAT IS JUST WAKO
Resign! Election NOW!!!
None of your vehicles will run in the cold what a waste
I wonder why ford is shutting down EVs maybe because they dont pay !!!
How about we put an end to spreading false information? Or perhaps read? Ford Motor Co. has postponed the commencement of electric vehicle (EV) production at its Oakville plant in Ontario, Canada, from 2025 to 2027. The delay aims to synchronize with market developments and advancements in EV battery technology. Despite the setback, Ford remains committed to building a profitable business in Canada and is collaborating with Unifor to manage workforce impacts. Conversely, Honda Motor Co. has unveiled plans for a $15 billion investment in an EV battery plant adjacent to its Alliston facility, underscoring optimism for EV manufacturing in Canada. Prime Minister Justin Trudeau and Ontario Premier Doug Ford have praised Honda's investment as a game-changer for the industry.
You mean, they don't pay him?
Resign please
Good news would be that Trudeau resigned .
Jeez Louise, it seems you're not bringing much to the table in terms of constructive input. How about spicing things up with a dash of creativity? Consider adding comments related to the topic of the RUclips video instead of resorting to unhelpful or offensive remarks.
@cleopatrasnile so what you are saying is Trudeau can't be criticized. I say he should resign because he is spending like a drunken politician. He admitted he doesn't care about financial issues. Trudeau deserves the demand. Wake up.
It would not be good news... It would be GREAT NEWS. He's a deceiving criminal is what this poor leader is.
@@Animalcanam I sincerely thank you for the much better choice of words. 👍
Wacko
Wako
Wacko Turdo gotta go!
Resign. If you care about canada as much as you “say” you do, then you listen and resign
Thanks for giving away more of my taxes. I do not approve.
Your anger seems a bit misplaced! He's not simply "giving away your taxes". Instead, he's utilizing taxpayer funds to invest in Canadians. Let's not overlook this crucial point: every single government official relies on taxpayer funds to implement government policies. This encompasses everything from infrastructure projects to social programs. It's the nature of government operations and underscores the responsibility that comes with managing public finances. Disliking something doesn't automatically make it wrong, nor does it imply that a majority of Canadians share your perspective.
@@cleopatrasnile I didn’t say any of that. What I am saying is, the 1000 jobs that will reportedly be created will cost us $5Billion, that’s $5Million per job created. That’s a TON of money per job, and looks like an extremely long payback.
Don’t forget this is just the latest in HUGE payouts for these EV plants… I think we’ve topped $30Billion now! To profitable companies, no less, who don’t need these breaks, and who have signed no contracts guaranteeing local labor etc.
There are lots of reasons to oppose this.
@@superspeeder Once again, I do not see what your issue is here? You stated, "Thanks for giving away more of my taxes. I do not approve." I simply replied, "Your anger seems a bit misplaced! He's not simply "giving away your taxes". Let me break this plan down for you...
The EV program announced by Prime Minister Justin Trudeau's government is indeed a significant initiative aimed at promoting electric vehicle (EV) production and creating jobs.
Honda's Project:
- Honda is set to build an electric vehicle battery plant adjacent to its existing Alliston assembly plant in Ontario.
- The project is part of a $15-billion investment by Honda to establish a supply chain for EVs in the province.
- The two main plants (battery plant and assembly plant) are expected to create **1,000 new jobs** in addition to retaining the existing **4,200 jobs** at the assembly plant.
- When fully operational in **2028**, the assembly plant is projected to produce up to 240,000 vehicles per year.
Funding Breakdown:
- The total cost of the project, including both public and private funds, is up to $15 billion.
- The **public funds** portion amounts to **$5 billion**:
- Federal Contribution: The federal government will provide around **$2.5 billion** to Honda through **tax credits**.
- Ontario's Commitment: Ontario has committed to providing up to **$2.5 billion** directly (for capital costs) and indirectly (such as covering site servicing costs).
Cost per Job:
- With **1,000 new jobs** expected to be created, the cost per job can be calculated as follows:
- Cost per job = Total public funds / Number of new jobs
- Cost per job = $5 billion / 1,000 jobs
- Cost per job ≈ **$5 million**.
This investment is not just about creating green products but also about investing in workers and communities. The project aims to benefit Canada's economy and ensure long-term employment opportunities for generations to come.
In summary, while the program involves a substantial investment, it is intended to boost the EV industry, create jobs, and contribute to a greener future.
@@cleopatrasnile thanks for the recap. I read the announcement.
I think the problem is we’ve been desensitized to the financial scale of things. It wasn’t that long ago $100Million was a huge amount of money and got big time attention and criticism. Now we’re throwing around Billions… orders of magnitude more money, and everyone is supposed to clap and smile and pretend we’re not facing the biggest financial crisis since the 80’s? CANADA IS IN DEBT up to its eyeballs. We don’t have money, we have record levels of debt thanks to out of control spending, just like this. Spending more money we don’t have will not fix the problem, it will only make it worse!
The effects of this irresponsible charity will be felt for generations… but happy happy joy joy! Be positive! The band will keep playing as the ship goes down.
@@superspeeder he knows what is going on it's obvious he doesn't care if this guy has shares in this industry he probably just made millions.
Thank you, Prime Minister, for taking Canada into a sustainable future. You are the only leader and party in Canadian politics who is doing that. Unfortunately, the Cons and the provincial Con governments have been major impediments to having a safe, secure, democratic future for the people of this country. And seeing the various Con provinces now taking away rights and freedoms from people, including removing elected officials simply because the Conservatives don't like those officials, is the ultimate in dictatorship. Our media supports those Cons which is why Canadians can no longer rely on our mainstream "news" sources. Fortunately, there's loads of alternatives.
absolute bulls*T! So you like paying carbon taxes? Emission targets have never been met. It's a big scam, nothing more.
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Exper entry 2021.
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wow, maybe you should have been doing this at the start of your tenure as the WORST prime minister of Canada.
Let's not exaggerate; he isn't the most incompetent Prime Minister ever. I agree that it would have been preferable for certain actions to have been taken earlier. However, the relentless grip of the pandemic, which halted the world in its tracks since March 2020, remains unabated. As of early March 2023, global confirmed cases have exceeded 759 million, with a staggering death toll of 6.87 million. In Canada alone, there have been over 4.6 million cases and 51,447 deaths. This pandemic stands as one of the deadliest in history, inflicting profound economic and social disruptions worldwide.
Back in 2015, the electric vehicle market was just beginning to emerge. The technology, infrastructure, and consumer acceptance were far less developed compared to today. Over the past decade, there has been a global shift toward sustainability and climate action. International agreements like the Paris Agreement put pressure on countries to reduce greenhouse gas emissions.
Maybe you can consider giving Trudeau a break? Governments, by nature, tend to move slowly; it's just the way they operate.
its a gamble but i hope it pays off
no
@@Nathan-lt6bwwhy do cons want Canada to fail? Is that beneficial to yall?👀
Same here! I'm optimistic but also ready for any potential hiccups along the way!
@@Nathan-lt6bw Haha, just, "no"... Are you against this idea, or do you doubt its effectiveness?
👏🏽👏🏽👏🏽👏🏽 go team Liberal‼️
Said literally no one ever.
Liberals for the win 🇨🇦✊
@@cleomenes01 Ah, the numbers game of Canadian politics! In 2015, approximately 6,943,276 individual votes, or 39.5% of Canadians, said "hello" to the Liberals. Fast forward to 2019, where about 5,911,588 votes, or 33.1% of the population, gave them a nod. And let's not forget the NDP coalition, adding their 15.9% or roughly 2,849,214 individual votes to the mix. With all these numbers swirling around, it seems like they've got quite the support base for 2025. Time will tell if they can keep the momentum going!
@@bogoam Our Tax dollars should only be for Pfizer.
absolute bulls*T! So you like paying carbon taxes? Emission targets have never been met. It's a big scam, nothing more.
WACKO
Just call an electrician and we will all vote on policy and we will decide ware this contry gose not this guy .We dont want some racist corrupt prime minister!
Call an electrician? So they can pull lightning from the sky? 😂
@@XetaXones Sick burn LOL 🤣
Bringing an electrician into the political arena would certainly spark some interesting debates! While I appreciate your sentiment, it's important to remember that elections are a crucial part of our democracy. Holding an election, despite the misspelling, would indeed burden taxpayers. Special elections entail substantial expenses, varying based on circumstances. The 44th federal general election in 2021 cost approximately $616.8 million, around $22.42 per registered voter, with inflation influencing overall costs. As for the concerns about corruption and racism, let's keep the dialogue constructive and focus on policies that benefit all Canadians.
Lie to me once shame on you, twice shame on me. Lie a third time, wait, there wont be a third time, because i'll never believe a word you say, ever again... From an old school Liberal!
Could you enlighten us all on what you suspect they might be misleading you about in this instance?
@@cleopatrasnile read the comment again. It really has nothing to do with the video itself. It has to do with liars being, well, liars!!
@@goldminer83 So... nothing?
@@Lita-yr4wt Tell me you are a fat white Liberal woman with purple hair, without telling me just that...
@Lita-yr4wt we got a Truanon member here I see!!
GFY
What was that number again? $5,000,000,000 to create 1000 jobs? or 5,000,000 taxpayer dollars per job? Kunt Dyscalculia or Count Dracula we don't want you managing our money anymore.
Well, aren't you just a delightful conversationalist! Allow me to enlighten you with a breakdown, given that you seem to lack the knack for fact-checking.
The 2024 Trudeau budget prioritizes investments in the electric vehicle (EV) supply chain and job creation. Key highlights include:
1. Investments in EV Supply Chain Research: The budget allocates $83.5 million over 3 years to support research at the Canadian Light Source, focusing on EV technology advancement.
2. Electric Vehicle Supply Chain Tax Credit: A new tax credit is proposed to bolster Canada's EV supply chain, aiming to create high-quality jobs and secure the country's position in the automotive industry.
3. Honda's Investment: Honda Canada's $15 billion investment in Ontario marks Canada's first comprehensive EV supply chain, expected to generate thousands of new jobs.
4. Cost of Tax Credit: The EV supply chain tax credit is estimated to cost $80 million over five years, with additional allocations from 2029-30 to 2034-35.
Overall, these initiatives aim to position Canada as a leader in EVs while fostering economic growth and job opportunities. In essence, while the direct cost to taxpayers is the $80 million tax credit, the broader impact on the economy and job market suggests potential long-term benefits that may outweigh the initial investment. The creation of thousands of new jobs in the EV supply chain, as a result of Honda’s investment, will contribute to economic growth and generate tax revenue.
@@cleopatrasnile We don't care, there is an endless housing crisis underway that no amount of money can fix. Honda should build houses instead of cars.
To begin with, it's important to note that Trudeau didn't cause the housing crisis in Canada. Nevertheless, his government is actively taking steps to address it.
The 2024 federal budget proposed under Trudeau's government addresses the critical housing crisis in Canada with a comprehensive plan. It aims to accelerate housing construction to an unprecedented level, ensuring that no Canadian spends more than 30% of their income on housing costs. With a target of creating 3.87 million new homes by 2031, including measures to support at least 1.2 million net new homes, the government emphasizes collaboration among all levels of government to achieve these goals.
Moreover, the budget recognizes the challenges faced by young adults in accessing affordable homeownership and commits to restoring fairness by making housing more accessible. By prioritizing housing affordability, the government aims to stimulate economic growth through increased community investment and productivity.
The Trudeau government's housing plans are among the most progressive and ambitious in recent decades, aiming to address the housing crisis head-on. With a goal of creating 3.87 million new homes by 2031, including a focus on affordability and fairness, these plans demonstrate a commitment to substantial change. Prioritizing affordability, especially for young adults seeking homeownership, sets this initiative apart, reflecting an understanding of the economic and social impact of housing policy.
Despite challenges and skepticism, such as inflation and the need for collaboration, these plans represent a significant leap forward in tackling the housing crisis.
The Canadian housing crisis has deep-seated origins influenced by various factors over the years. One significant contributor was the post-2008 financial crisis during the Harper government, which led to soaring housing prices across the country, especially in cities like Vancouver and Toronto.
Land appreciation played a pivotal role, with real estate values doubling in regions like British Columbia between 2007 and 2018.
Meanwhile, wage growth stagnated, exacerbating affordability challenges. Despite stable homeownership rates overall, inequality widened, particularly affecting millennials' ability to purchase homes. The expansion of mortgage debt and house prices began in the late 1990s, fueled by low inflation and interest rates.
This is not solely attributable to Justin Trudeau, nor is it the result of a single factor. While I do acknowledge the significance of the housing crisis and the urgent need for its resolution, it should be addressed through comprehensive and multifaceted strategies.
@@cleopatrasnile 2.5 million new residents in 2 yrs (thank Jagmeet) is almost equal to the population of the maritime provinces, which took about 200yrs to build, OR, almost equal to, (as Mulcair mentioned) the Province of Saskatchewan one year, then the Province of Manitoba the next year, OR, the City of Edmonton one year, then the City of Calgary the next, which took over 100yrs to build out to todays standards. History and basic math is too confusing for the Liberal Cabinet.
Not one employee with a monkey wrench?
Jeez Louise, you're a downer. Let's hope you're more uplifting in person, at the very least.
NO. Why Honda? You said VW. Jesus f*ck come on man
Electric cars are DUMB
Why bother…..no one can afford to buy one🫤
Wacko