Highlights from annual CAPC meeting
by CM Staff
They gathered in a meeting titled, “the road to 2035 and beyond,” so that leaders from Canada’s auto-industry would have the opportunity to engage directly with the country’s ministers.
OTTAWA — On Oct. 24 the Canadian Automotive Partnership Council met with Canada’s Science and Industry Minister François-Philippe Champagne as well as Ontario’s Economic Development Minister Vic Fedeli to discuss the state of the country’s auto sector.
They gathered in a meeting titled, “the road to 2035 and beyond,” so that leaders from Canada’s auto-industry would have the opportunity to engage directly with the country’s ministers.
Below is a recap of topics highlighted during their meeting:
The CAPC discussed investments towards vehicle manufacturing, battery and critical mineral spaces totalling $16 billion. Some of the companies included in such investments were Honda, Ford, GM and Stellantis as well as BASF, GM/POSCO, NextStar and Umicore.
New investment incentives in the United States present challenges for the Canadian auto industry’s ability to stay competitive in terms of pricing for BEVs.
Canada’s auto industry continues to grapple with the development of charging infrastructure, workforce training and electrification of the industry, the development of a quick way to access and refine critical minerals in keeping with the net zero by 2050 target.
“CAPC exists to create a viable advanced manufacturing sector for Canada in the automotive space, and we continue to focus on achieving that,” said CAPC co-chair Rob Wildeboer in a statement.
The council will continue its work at its next meeting, to be held in early 2023.
