VW strikes a deal with Canada to build EV batteries in North America

Illustration by Alex Castro / The Verge Volkswagen signed a memorandum of understanding with the Canadian government to “explore opportunities” to bring some of its electric vehicle battery manufacturing to the country. The move is seen as an effort to ensure that the automaker’s plug-in vehicles qualify for the US’s revamped EV tax credits, which place stricter requirements on where battery and vehicle manufacturing can be done. VW says it plans to build a “dedicated Gigafactory” somewhere in North America, and today’s agreement most likely increases Canada’s chances of being selected as the location. VW says it plans to build a “dedicated Gigafactory” somewhere in North America The automaker is tasking its battery supply management company, Power Co, with spearheading the… Continue reading… from The Verge – All Posts https://ift.tt/nd75oTb via Grabey Blog
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