TORONTO — Plans to expand a proposed U.S tax credit on electric vehicle purchases to cover North American-made cars is a boon for the auto sector, says Ontario’s economic development minister, but the province isn’t planning any buyer incentives for local drivers.
Vic Fedeli said the Progressive Conservative government plans to focus on increasing local supply, something experts argue is a missed opportunity as crises of climate and affordability converge.
The minister said the proposed U.S. tax credit is welcome news as it would clear the way for Ontario to attract more auto part makers since it eliminates potential fears that products made in Canada could be shut out from the massive American consumer market.
“It was just sort of hanging over everybody’s head as, ‘best we look at that before we make any decisions,’ and now that will remove any shadow of doubt,” Fedeli said in a recent interview with The Canadian Press. “This now opens the door to go after the parts makers.”