This has nothing to do with protecting Canadians and everything to do with protecting big business
I think what no politician wants to admit is that car industry is a strategically important industry and has to be protected for geopolitical reasons alone. We need the manufacturing capability to maintain our industrial base as a hedge against any future conflict. (I lump it in with why you need domestic milk and food production, vaccine production, etc. When the going gets tough, you need that.)
That said, I do feel the bailouts from 2009/2010 were total horseshit and these companies got off scot-free. They’ve had ages to prepare to make EVs and squandered it, and now have to be protected by moves like this. We just end up paying for it, either through subsidies (eg. battery plants) or through the inflated prices of EVs.
I think what no politician wants to admit is that car industry is a strategically important industry and has to be protected for geopolitical reasons alone. We need the manufacturing capability to maintain our industrial base as a hedge against any future conflict. (I lump it in with why you need domestic milk and food production, vaccine production, etc. When the going gets tough, you need that.)
That said, I do feel the bailouts from 2009/2010 were total horseshit and these companies got off scot-free. They’ve had ages to prepare to make EVs and squandered it, and now have to be protected by moves like this. We just end up paying for it, either through subsidies (eg. battery plants) or through the inflated prices of EVs.