INTIEACanada · Loan to the electric vehicle battery factory Lion ElectricPolicyIn force

Loan to the electric vehicle battery factory Lion Electric

The federal and Quebec governments announced a CAD 100 million loan to the Montreal-area company Lion Electric for the construction of an electric vehicle battery factory in Saint-Jérome.   The government underlined the importance of such investments to retain employment, and…

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Country / jurisdiction: Canada · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The federal and Quebec governments announced a CAD 100 million loan to the Montreal-area company Lion Electric for the construction of an electric vehicle battery factory in Saint-Jérome.

The government underlined the importance of such investments to retain employment, and develop professional skills within critical sectors favourable to the development of a healthy economy. Roughly $30 million will be forgivable if the company meets certain conditions, including keeping jobs in Quebec.

Official source: https://www.cbc.ca/news/canada/montreal/trudeau-legault-electric-vehicle-announcement-1.5949998

Source

https://www.iea.org/policies/13336

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