Federal Prediction on Break-Even Period for EV Subsidies 'Wildly Optimistic,' PBO Tells MPs
"In my case, I work for parliamentarians, I work for the benefit of the taxpayers and Canadians, so I don't have a vested interest in being overly optimistic or overly pessimistic"
The Parliamentary Budget Officer (PBO) says the federal government's estimate of five years for it to break even on subsidies to auto giants Volkswagen and Stellantis was "wildly optimistic," citing the PBO's recent report that found it would take more than 20 years.
The
federal government relied on a report by the non-profit group The
Trillium Network for their claim, but Yves Giroux told MPs on the
Standing Committee on Industry and Technology Thursday that the Trillium
report contained "a lot of assumptions." ---More...
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