Honda unveils $15B investment plan to build new EV plant in Alliston
Prime Minister Justin Trudeau and Premier Doug Ford visited Alliston on Thursday to unveil a $15 billion investment in an electric vehicle and battery facility.
"This is a historic day with the largest auto investment in Canada's history," said Justin Trudeau. "We will be investing to create Canada's first comprehensive electric vehicle supply chain from start to finish."
The $15 billion project includes a retooled plant, an electric vehicle battery plant nearby, and two critical battery parts facilities spread throughout the province.
Honda could participate in a recent federal government proposal in the budget to include a 10 per cent Electric Vehicle Supply Chain investment tax credit on top of an existing 30 per cent Clean Technology Manufacturing Investment tax credit.
Premier Doug Ford called the announcement a game-changer.
"Once built and operational, Honda's massive new electric vehicle plant and battery facility here in Alliston will employ more than 4,200 people," said Ford.
According to the premier, the facility will generate around 30,000 additional jobs in the industry, as Honda pledges to have 100 per cent electric vehicle sales in North America within 16 years.
"Here in Canada, we are very pleased to begin a new discussion toward achieving this major electrification milestone, which builds on our ongoing projects in the U.S.," said Honda CEO Toshihiro Mibe.
New Tecumseth mayor Richard Norcross says the deal will help grow Alliston's population, which is expected to double to around 90,000 residents in the next 25 years.
The Honda facility will be Ontario's third electric vehicle battery plant, following Volkswagen in St. Thomas and a Stellantis LG plant in Windsor.
"We did make a commitment to build 6,400 more homes locally here in New Tecumseth to help support the workers that'll be coming for the jobs that are definitely coming," said New Tecumseth mayor Richard Norcross.
"This is huge for Simcoe County; it's huge for the province. This is what happens when all three levels of governments work together with an outstanding corporation like the Honda company, and they're second to none."
- Download the CTV News app to get local alerts on your device
- Get the latest local updates sent to your email inbox
The federal Conservative Cabinet criticizes the deal, saying it gives $5 billion in subsidies to another large multinational corporation and accuses the Prime Minister of selling out Canadian union workers and taxpayers.
Honda intends to start operating the EV plant by 2028: if all goes according to plan they can produce upwards of a million vehicles in the first four years.
With files by CP.
CTVNews.ca Top Stories
BREAKING Pearson gold heist suspect arrested after flying into Toronto from India
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
BREAKING Justin and Hailey Bieber are expecting their first child together
Hailey and Justin Bieber are going to be parents. The couple announced the news on Thursday on Instagram, both sharing a video that showcases Hailey Bieber's growing belly.
From outer space? Sask. farmers baffled after discovering strange wreckage in field
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
Poilievre-led government 'would never' use notwithstanding clause on abortion, his office says
A Conservative government led by Pierre Poilievre would not legislate on, nor use the notwithstanding clause, on abortion, his office says, as anti-abortion protesters gather on Parliament Hill.
Ontario family receives massive hospital bill as part of LTC law, refuses to pay
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
Miss Teen USA steps down just days after Miss USA's resignation
Miss Teen USA resigned Wednesday, sending further shock waves through the pageant community just days after Miss USA said she would relinquish her crown.
BREAKING 1 dead in rollover crash in Sharbot Lake, Ont.; 5 others injured
Ontario Provincial Police confirm one person has died after a single-vehicle rollover crash in Sharbot Lake, Ont. that seriously injured five others.
Cyclist strikes child crossing the street to catch school bus in Montreal
A video circulating on social media of a young girl being hit by a bike has some calling for better safety and more caution when designing bike lanes in the city. The video shows a four-year-old girl crossing Jeanne-Mance Street in Montreal's Plateau neighbourhood to get on a school bus stopped on the opposite side of the street