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Bullboard - Stock Discussion Forum Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It... see more

TSXV:ELBM - Post Discussion

Electra Battery Materials Corp > Fed Gov’t Support
View:
Post by Skantor18 on Dec 01, 2020 6:47pm

Fed Gov’t Support

FALL ECONOMIC STATEMENT 2020

 

3.3.2.2 Zero-emission Vehicle Infrastructure

The government is taking action to help more Canadians choose zero-emission vehicles to support Canada’s transition to a low-carbon economy. Since 2016, the government has invested $226.4 million to build new recharging and refuelling infrastructure along highways and in places where people live and work. To date, 433 charging and fueling stations have been built, and more than 800 are currently under construction.

 

The government proposes to accelerate this work by providing $150 million over 3 years to Natural Resources Canada, starting in 2021-22. These investments in infrastructure for zero-emission vehicles will help increase confidence that charging and refuelling stations are available and conveniently located where and when they are needed.

 

Canadians are full of innovative new ideas that will lead to the development and deployment of important new clean technologies. In particular, Canadians can lead the development and deployment of new zero-emission technologies. This includes technologies that create carbon-free heat and electricity. Following on the Small Modular Reactor (SMR) Roadmap released in 2018, the government intends to launch an SMR Action Plan by the end of 2020 to lay out the next steps to develop and deploy this technology. The government intends to work with interested parties, including New Brunswick, Ontario, Alberta and Saskatchewan, to advance this important work. The government’s upcoming climate plan will highlight further work and investments in areas like renewables, clean fuels, and hydrogen.

Canadian firms face challenges in scaling-up their operations. Often, they cannot get access to the right financing when needed. Targeted action by the government to mobilize private capital will better position Canadian firms to bring their technologies to market, unlocking both the economic and environmental potential of the growing global clean technology market

Comment by Marshall on Dec 01, 2020 7:19pm
Although this is a great effort by the Canadian Government, I believe it would be of benefit to bring back the incentive program they had years ago.   Government rebate + more mileage + faster charging time will result in a massive amount of EV sales.  Let's hope rising fuel costs and gas powered vehicle manufacturing availability deadlines aren't the reasons buyers make the ...more  
Comment by Marshall on Dec 01, 2020 7:41pm
Over $225 million of the program’s three-year $300-million allocation to aid Canadians in buying electric vehicles has been used. Is there more to come?    Since May 2019, the federal government has offered Canadians up to $5,000 towards the purchase of battery electric and long-range plug-in hybrid vehicles. Electric Autonomy reported in January that $134 million of the ...more  
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