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Trudeau Is Pouring Truckloads Of Money Into EV Production With Little To Show For It

by Tom Finnerty
June 19, 2024, 8:20 AM
in Electric Vehicles (EVs), News and Opinion
Reading Time: 2 mins read
A A
0

ford oakville ontario plant

Dan McTeague [pictured above] from Canadians for Affordable Energy posted a short video he filmed at the currently shuttered Oakville, Ont., Ford plant. [emphasis, links added]

Workers at the plant were told that it would be closed for six to eight months for retooling, to enable it (with the help of $600 million in taxpayer dollars) to produce electric vehicles.

Doing so would entitle the company to more sweet subsidies being poured on EV manufacturers by the Canadian federal government and the Ontario provincial government.

Except the plant has been shuttered for two years, with no apparent end in sight.

As McTeague explains, “The Ford Motor Company is losing 130,000 Canadian dollars on every electric vehicle unit that it’s selling.”

Which is to say, they’re in no rush to start getting the assembly line up and running again in Oakville. But they are happy to keep taking the subsidy money.

For McTeague, this is a perfect illustration of the entire EV illusion.

And not everyone is in on the grift — he mentions that Toyota has been very upfront about their contention that EVs will never account for more than 30 percent of the total market.

But that hasn’t stopped Justin Trudeau and Ontario Premier Doug Ford from throwing truckloads of money at potential EV manufacturers, a play which is ultimately bad for workers, taxpayers, and drivers.

Read rest at The Pipeline

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