Canada has a once-in-generation opportunity to be a global battery leader if we act now: industry stakeholders
With its known deposits of critical metals and minerals, automotive heritage, plenty of clean electricity (to power operations), and access to a well-integrated North American market, Canada could be a top supplier of sustainable batteries.\nBut more action is needed to build our domestic industry, and Canada\xe2\x80\x99s window of opportunity to enter the battery market is now.
- With its known deposits of critical metals and minerals, automotive heritage, plenty of clean electricity (to power operations), and access to a well-integrated North American market, Canada could be a top supplier of sustainable batteries.\nBut more action is needed to build our domestic industry, and Canada\xe2\x80\x99s window of opportunity to enter the battery market is now.
- Each of the \xe2\x80\x9cDetroit Three\xe2\x80\x9d automakers have announced major electric vehicle assembly investments in Canada over the past eight months, and President Joe Biden\xe2\x80\x99s proposed $2-trillion infrastructure plan would pour US$174 billion into developing the EV market.
- Both automakers were in discussions with the federal and provincial government about financial support.\nIn March 2021, Lion Electric (a Quebec-based manufacturer of electric buses and trucks) announced the construction of a battery module and pack manufacturing plant and innovation centre in Quebec.
- Canada is home to at least two North-America-leading battery recycling companies, Lithion Recycling and Li-Cycle .\n"