Can Canada build a domestic EV battery supply chain?

A 2022 report from Clean Energy Canada estimated the country has the potential to build a domestic EV battery supply chain that could support up to 250,000 jobs by 2030 and add $48 billion to the economy annually. Globally, a surge in demand for electric vehicles is already underway.

Why is Canada a leader in the EV industry?

Canada is tightly integrated into the North American auto supply chain, which sees the free flow of components between Canada, the U.S. and Mexico. Canada’s free-trade access and firm commitment to EV adoption reflect vital support to the EV industry.

Why is Canada wooing EV companies?

Canada, home to a large mining sector for minerals critical for battery production, has pledged billions in incentives to woo companies involved in all levels of the EV supply chain as the world seeks to cut carbon emissions.

Is Canada a good place to buy EV batteries?

Canada is a pioneer in innovative all-electric mining and also home to companies with modern facilities making some of the most sustainably produced EV batteries in the world – and operating within an ecosystem of state-of-the-art technologies to recycle these batteries. Raw materials remain the backbone of Canada’s EV battery supply chain.

Why do EV batteries come from Canada?

Canada stands out from global peers because of an abundance of raw materials, including critical minerals at a scale necessary to produce EV batteries. A global mining powerhouse, Canada has extensive mining experience and renowned geoscience expertise to both identify mineral potential and maximize efficient development of resources.

Does Canada have a lithium-ion battery recycling ecosystem?

Canada also supports a burgeoning lithium-ion battery recycling ecosystem, led by homegrown companies that include Li-Cycle and Lithion. The BNEF report’s Downstream Demand category assesses the demand for electric vehicles and energy storage within a country and its associated free-trade region.