The reason the plants are so expensive is that U.S. legislation signed into law by President Joe Biden last summer offers to subsidize the production of battery cells, not merely the capital costs of building and equipping a new plant.
Source: Stellantis EV battery plant could cost Canada $19 billion in subsidies | Financial Post
See also: Stellantis Gets $11 Billion From Canada, Surpassing Volkswagen’s Subsidy
This seems important:
“The reason the plants are so expensive is that U.S. legislation signed into law by President Joe Biden last summer offers to subsidize the production of battery cells, not merely the capital costs of building and equipping a new plant.”
