Funding Program Electric Vehicle Manufacturing Value Chain Program (EVMP) NGen will invest up to $35 million along with industry contributions to launch $95 million worth of innovative, business-led, collaborative advanced manufacturing R&D projects, along the entire value chain of road-based battery and fuel-cell electric vehicles Background & Guidance Documents The next few years will be critical for Canada to meaningfully participate in the North American and global electric vehicle (EV) market. Canada, like many other global jurisdictions, have announced EV mandates, which includes a ban on the sale of internal combustion engine (ICE) vehicles by 2035. The EV market share is projected to increase from 3% in 2020 to 20% in 2030. In light of recent anchor investments being made in Canada, many domestic EV parts suppliers and innovators continue to face challenges in navigating the new supply chain opportunities. For Canada to meet the growing demand and to benefit from the growing market share of EVs, the Canadian automotive supply chain must make significant changes to their product lines and shift production capabilities to EV and EV parts. Canada has many of the key ingredients in place and potential to create a vertically integrated EV value chain. Canada is home to a world leading innovation ecosystem that uniquely converges with a vibrant manufacturing footprint, equipped with top talent, knowledge and capabilities, and critical mineral resources. There is a critic...
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