Mercedes-Benz Group AG is scaling back its electric vehicle ambitions due to weakening sales, opting for combustion engines instead. In contrast, the Canadian federal and Ontario provincial governments are granting $5 billion in subsidies and tax credits to Honda for its $15 billion electric vehicle manufacturing project in Alliston, Ontario, highlighting the intersection of union votes and taxpayer funds.
🇨🇦 Meanwhile, the Canadian federal government and the Ontario provincial government are providing a combined $5 billion in subsidies and tax credits to Honda for their $15 billion electric vehicle manufacturing project in Alliston, Ontario.
Union votes, taxpayer money, folks.— John Ritchie (@john_jfsritchie) May 8, 2024