This week’s meeting between Prime Minister Justin Trudeau and U.S. President Joe Biden was a signal of momentum for electric vehicles that those in Canada’s industry have been waiting for.
In the roadmap released following the meeting, both leaders promised to work together to build supply chains for electric vehicle (EV) battery development so Canada and the U.S. could compete globally.
Capitalizing on Canada’s access to the minerals and metals needed to make electric vehicle batteries is something experts in the renewable energy industry have long said needs to happen.
Now is the time for Canadian companies, researchers and governments to seize on the U.S. and Canada agreement and become leaders in specific areas including battery development, said Flavio Volpe, president of the Automotive Parts Manufacturers’ Association.
“The highest added-value component in electric vehicles is the battery, the chemistry of the battery,” he said.
“Canada has its own in-the-ground opportunity to be a superpower in the battery space, which will drive where some of those investments are. The risk of Canada falling behind is a Canadian risk.”
Source: CBC News
Date: May 26th, 2021
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