OTTAWA, ONTARIO INVEST $590M TO HELP FORD IN OAKVILLE MAKE E-VEHICLES, BATTERIES
Oct 08, 2020
By Bob Komsic
The federal and Ontario governments are spending $295-million each to help Ford retool its assembly plant in Oakville to begin making as many as five types electric vehicles and the batteries that will power them.
The upgrade will make it the automaker’s top e-vehicle factory in North America.
The first ones are expected to roll off the assembly line in 2025.
Ford’s put 800,000 electric cars on the road around the world in recent years but is ramping up production as it predicts they’ll outsell fossil fuel-powered ones at some point in the next decade.
”This is a win-win,” according to Prime Minister Justin Trudeau who spoke from Kanata, where he was linked by video with Doug Ford and others in Oakville.
”By making this investment,” said a beaming Ontario premier, ”we are ensuring our province continues to lead North America and the world in automotive manufacturing and innovation, while boosting our competitiveness in this key sector.”