CVMA Statement on the Fall Economic Statement
Statement by Brian Kingston, President & CEO of the Canadian Vehicle Manufacturers’ Association:
“Today’s Fall Economic Statement recognizes the significance of the U.S. Inflation Reduction Act for investment in the rapidly transforming auto sector and electric vehicle (EV) supply chain but falls short on details. Canada needs to keep up with the U.S. in the transformation to electrification with support for charging infrastructure, clean energy and grid readiness, consumer purchase incentives, EV manufacturing, and the EV supply chain, including sustainable processing of critical minerals.
“The federal government should move quickly to implement the most effective policy tools at its disposal to keep pace with the U.S. CVMA will continue to highlight these needs to the government and encourage more specific actions before and in the next federal budget.”
For further information, please contact:
Canadian Vehicle Manufacturers’ Association