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GOLDSTEIN: Is Canada’s $52.5-billion bet on EVs going bust?

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Stellantis’ move calls into question the wisdom of earmarking up to $15 billion in federal and Ontario government subsidies to Stellantis-LG Energy Solution

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Automaker Stellantis’ decision to transfer planned production of its Jeep Compass from Brampton to the U.S. — putting 3,000 Canadian jobs in doubt — is only the tip of the iceberg when it comes to Canadian concerns about the move.

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Equally alarming is that the US $13-billion plan announced by Stellantis on Tuesday to increase auto production in America by 50% over the next four years in Illinois — where the Jeeps will be built — Ohio, Michigan and Indiana, de-emphasizes its future production of EV vehicles.

“Unlike previous multibillion-dollar investment pledges,” reported TC TechCrunch transportation editor Kirsten Korosec, “this one doesn’t focus on electrification” with EVs taking a “backseat” in Stellantis’ plan.

In response to anger expressed by Prime Minister Mark Carney, Ontario Premier Doug........

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