Federal and provincial taxpayers are stuck between a rock and a hard place when it comes to the future of electric vehicle production in Canada.

At stake is the future of up to $52.5 billion the federal, Ontario and Quebec governments have earmarked since 2020 to create an EV vehicle and battery supply chain in Canada from scratch — $31.4 billion or 60% coming from the feds, $21.1 billion or 40% from the provinces.

According to the parliamentary budget office, that’s 14% more than the $46.1 billion the EV industry is prepared to invest in itself on 13 major projects announced between 2020 and 2024.

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While most of these public subsidies have yet to be paid, our governments have a huge financial stake of taxpayers’ money and auto

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