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Opinion

Cory Morgan: After Multiple Investment Failures, Ottawa Must Change Course on EV Policy

The electric vehicle industry has become a black hole, and no economically viable model exists.
Cory Morgan: After Multiple Investment Failures, Ottawa Must Change Course on EV Policy
The entrance to Northvolt’s EV battery plant being built in Saint-Basile-le-Grand, east of Montreal, on May 16, 2024. The Swedish manufacturer filed for bankruptcy on March 12, 2025. The Canadian Press/Christinne Muschi
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Commentary
Over 10 years ago, experts with most tribunes were assuring the world that combustion engines were on the way out and electric vehicles would soon dominate markets. Despite this optimism, Canadians didn’t embrace EVs widely. Thus the call for subsidies for manufacturers and purchasers went out. The federal government answered the call and billions in tax dollars were dedicated to rebate programs, subsidies, and loan guarantees for EVs.