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Canadian Chamber Statement on Honda Announcement of New EV Plants in Ontario

Canadian Chamber Statement on Honda Announcement of New EV Plants in Ontario

On April 25, Honda announced it will invest $15B to build 4 new EV plants in Ontario

This is a positive, historic announcement by Honda to build new electric vehicle manufacturing plants here in Canada. It’s an investment that will help build Canada’s electric vehicle supply chain, help meet the country’s net zero targets, and create new jobs for Canadians.

The announcement also sheds light on the need for the federal government to move quickly to finalize and implement the investment tax credit (ITC) measures supported by industry to ensure certainty and drive additional Canadian manufacturing investments towards decarbonization. As we navigate the electric vehicle transition, it will be important to strike a balance between supporting industry growth and ensuring responsible use of taxpayer dollars. Ongoing transparency and collaboration between government and industry will be critical to drive positive outcomes for both the manufacturing sector and Canadians.

Matthew Holmes, Senior Vice President of Policy and Government Relations, Canadian Chamber of Commerce

About the Canadian Chamber of Commerce — The Future of Business Success

The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing over 400 chambers of commerce and boards of trade and more than 200,000 business of all sizes, from all sectors of the economy and from every part of the country — working to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From engaging with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success, and impact on business and economic performance. 

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Karl Oczkowski
Senior Director, Corporate Communications and PR
Canadian Chamber of Commerce
613.238.4000 (2231)

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