Government subsidies cost more than EV capital investments: PBO

These lopsided numbers show that these corporate handouts are nothing more than a vanity project for politicians


By Franco Terrazzano, CTF Federal Director & Jay Goldberg CTF Ont. Director—— Bio and Archives--June 18, 2024

Canadian News, Opinion | Comments | Back To Full Article


OTTAWA, ON: The Canadian Taxpayers Federation is calling for an end to corporate welfare following today’s Parliamentary Budget Officer report showing government subsidies are 14 per cent more than the capital investments corporations are making in the electric-vehicle supply chain.

“Putting taxpayers on the hook for more money than these corporations are spending to build their own factories is an awful deal for ordinary Canadians,” said Franco Terrazzano, CTF Federal Director. “Taxpayers are being taken to the cleaners with this EV corporate welfare.”

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