Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle … Read more
China is ready to roll out new rules to bring down some of the barriers faced by foreign companies, Premier Li Qiang told global business leaders in Beijing on Sunday. Addressing the China Development Forum, Li said Beijing would create more opportunities for global investors through macroeconomic policy, urbanisation, industrial upgrades and the transition to … Read more
Along with the massive recent manufacturing investments in electric vehicle (EV) technology and talks of a greener, decarbonized future, there are some not-so-green problems. In its latest New Energy Finance report, Bloomberg News predicts there will be some 730 million EVs on the road by 2040. The year before, Bloomberg predicted half of all U.S. vehicle sales would be battery electric by 2030. … Read more
