Washington has handed Canada’s electric vehicle and cleantech industries a big gift, in the form of a historic climate bill that creates new incentives for American consumers to buy battery-powered cars. Now it’s just a matter of not squandering it.US$369-billion in climate and energy spending, which supporters heralded as Washington’s largest-ever climate-change-fighting initiative.
The auto industry has been critical of the incentives, saying they would not apply to enough vehicles on the market today because of the number of car components that come from other countries, notably China. But manufacturers could solve that problem – by sourcing North American parts, for instance.
According to Matthew Fortier, chief executive officer of Accelerate, an alliance formed to draw up the blueprints for Canada zero-emission vehicle supply chain, Canada’s plan must also encompass battery makers, battery recyclers, miners, and companies that develop technology that goes into electrifying Canadian transport.
Any effective policy that helps slow climate change is a big win. Let's stop framing things only by their financial impact.
its not historic... and a disaster for inflation