Real cost of EV battery plant subsidies $5 billion higher than government estimates: PBO
The government’s electric vehicle battery plant projects will likely cost a lot more than expected, the parliamentary budget officer said in a report released Nov. 17. The government recently announced $37.7 billion in funding toward the plants, with $13.2 billion going toward Volkswagen AG, $15 billion toward Stellantis NV-LG Energy Solution, ▸
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