Governments Unveil Details of $ 590 Million Investment to Help Ford’s Oakville Plant Build Electric Cars

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The governments of Ontario and Canada are set to announce details of their plan to each spend $ 295 million to help Ford upgrade its assembly plant in Oakville to begin manufacturing electric vehicles.The fact that governments pay money isn’t new – it was a key part of last month’s $ 1.8 billion deal between Ford and its largest union, Unifor, to start manufacturing five new models of electric cars at the factory.

Ford has put 800,000 electric cars on the world’s roads in recent years, but the company is ramping up production of electric vehicles as the company predicts they will overtake sales of fossil-fueled cars at some point in the next year. decade. The modernization of the Ford plant will make Oakville the company’s first electric vehicle plant in North America.

Earlier media reports said governments were injecting $ 500 million into the plan. On Thursday, the two levels of government confirmed that they were each contributing $ 295 million for a total expenditure of $ 590 million.

A worker works on a Ford Edge at the soon to be retrofitted Oakville, Ont. Assembly plant to begin manufacturing up to five new types of electric cars. (Chris Young / Canadian Press)

“By investing in Ford Canada, we are ensuring that our province continues to lead North America and the world in automotive manufacturing and innovation, while strengthening our competitiveness in this key sector,” said the Premier from Ontario, Doug Ford. “We are also getting thousands of well-paying jobs, not just at the Oakville plant, but across the province. This project will help support our auto parts industry and other suppliers and service providers.

“It’s a win-win,” Prime Minister Justin Trudeau said at a press event in Kanata, Ont., Which was linked by video with Ford and other dignitaries on the ground in Oakville. “Today’s announcement is a testament to Canada’s attractiveness as a destination for clean technology, talent and infrastructure in the automotive industry. Companies like Ford are helping accelerate our transition to a low-carbon, clean-growth economy, which will help protect our environment, spur innovation and create many good jobs for the middle class. ”

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