Mercedes-Benz hits brakes on electric dreams… Honda rides $5 billion taxpayer wave for EV plant.

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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.

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