Ministers with the Ontario government lined up on Friday to declare that an announcement from a Volkswagen subsidiary that it was delaying the opening of an EV battery plant in St. Thomas by two years was, in fact, good news. Great news, even.
“To me, it’s a great news story,” said Vic Fedeli, the minister for Economic Development, citing the fact that PowerCo now has a contract to begin building the facility, supported by at least $10 billion in subsidies from all levels of government, that it hopes will be ready by 2029.
