Canada proposes financial plan for more EV battery plants Champagne estimated that EV battery plants could cost up to CAD$5 billion. He explained that building EV production facilities would help clear the “bottleneck” for cells. The Minister suggested that some EV battery facilities could process critical minerals for cell production, like lithium, nickel, and manganese—which are abundant in Canada.
“If you talk to the major car manufacturers, we’ll need dozens of them,” said Canada’s Minister of Innovation, Science, and Industry. “So what I’ve been trying to discuss with them (and equipment manufacturers) is whether we can use pension funds where you have patient capital coming in helping build these asset and then lease them back to accelerate and increase capacity.”
https://www.teslarati.com/canada-ev-battery-plant-finance-plan/