{"is_published":"2024-03-28T19:07:12.000000Z","id":"BLOG-2324-007","internal_id":"BLOG-2324-007","release_date":"2024-03-28T19:10:00.000000Z","updated_at":"2024-03-28T19:07:12.000000Z","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/additional-analyses--analyses-complementaires\/BLOG-2324-007--support-ev-battery-manufacturing-update-foregone-cit-revenue--soutien-fabrication-batteries-vehicules-electriques-mise-jour-pertes-recettes-fiscales","preview":"https:\/\/www.pbo-dpb.ca\/en\/additional-analyses--analyses-complementaires\/BLOG-2324-007--support-ev-battery-manufacturing-update-foregone-cit-revenue--soutien-fabrication-batteries-vehicules-electriques-mise-jour-pertes-recettes-fiscales"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/additional-analyses--analyses-complementaires\/BLOG-2324-007--support-ev-battery-manufacturing-update-foregone-cit-revenue--soutien-fabrication-batteries-vehicules-electriques-mise-jour-pertes-recettes-fiscales","preview":"https:\/\/www.pbo-dpb.ca\/fr\/additional-analyses--analyses-complementaires\/BLOG-2324-007--support-ev-battery-manufacturing-update-foregone-cit-revenue--soutien-fabrication-batteries-vehicules-electriques-mise-jour-pertes-recettes-fiscales"}},"slug":"BLOG-2324-007--support-ev-battery-manufacturing-update-foregone-cit-revenue--soutien-fabrication-batteries-vehicules-electriques-mise-jour-pertes-recettes-fiscales","title_en":"Support for EV battery manufacturing \u2013 Update on foregone CIT revenue","title_fr":"Soutien \u00e0 la fabrication de batteries de v\u00e9hicules \u00e9lectriques \u2013 mise \u00e0 jour sur les pertes de recettes fiscales","abstract_en":"In February, Regulations came into force that exempt production subsidies payable to Volkswagen (PowerCo) and Stellantis-LGES (NextStar) from corporate income tax (CIT). This note provides a brief review of the corporate tax treatment of the production subsidies for EV battery manufacturing and compares estimates of foregone federal CIT revenue.","abstract_fr":"En f\u00e9vrier, un r\u00e8glement est entr\u00e9 en vigueur afin d\u2019exempter les subventions \u00e0 la production vers\u00e9es \u00e0 Volkswagen (PowerCo) et \u00e0 Stellantis-LGES (NextStar) de l\u2019imp\u00f4t sur le revenu des soci\u00e9t\u00e9s. Cette analyse pr\u00e9sente un aper\u00e7u du traitement fiscal des subventions \u00e0 la production pour les batteries de v\u00e9hicules \u00e9lectriques ainsi qu\u2019une comparaison des pertes estim\u00e9es de recettes fiscales pour le gouvernement f\u00e9d\u00e9ral.","files":[]}
{"is_published":"2023-11-23T18:02:11.000000Z","id":"BLOG-2324-004","internal_id":"BLOG-2324-004","release_date":"2023-11-23T18:00:00.000000Z","updated_at":"2023-11-23T18:02:11.000000Z","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/additional-analyses--analyses-complementaires\/BLOG-2324-004--costing-support-ev-battery-manufacturing-factual-information--etablissement-couts-soutien-accorde-fabrication-batteries-vehicules-electriques-donnees-factuelles","preview":"https:\/\/www.pbo-dpb.ca\/en\/additional-analyses--analyses-complementaires\/BLOG-2324-004--costing-support-ev-battery-manufacturing-factual-information--etablissement-couts-soutien-accorde-fabrication-batteries-vehicules-electriques-donnees-factuelles"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/additional-analyses--analyses-complementaires\/BLOG-2324-004--costing-support-ev-battery-manufacturing-factual-information--etablissement-couts-soutien-accorde-fabrication-batteries-vehicules-electriques-donnees-factuelles","preview":"https:\/\/www.pbo-dpb.ca\/fr\/additional-analyses--analyses-complementaires\/BLOG-2324-004--costing-support-ev-battery-manufacturing-factual-information--etablissement-couts-soutien-accorde-fabrication-batteries-vehicules-electriques-donnees-factuelles"}},"slug":"BLOG-2324-004--costing-support-ev-battery-manufacturing-factual-information--etablissement-couts-soutien-accorde-fabrication-batteries-vehicules-electriques-donnees-factuelles","title_en":"Costing Support for EV Battery Manufacturing \u2013 Factual information","title_fr":"\u00c9tablissement des co\u00fbts pour le soutien accord\u00e9 \u00e0 la fabrication de batteries de v\u00e9hicules \u00e9lectriques \u2013 donn\u00e9es factuelles","abstract_en":"This note addresses misstatements in the media related to Parliamentary Budget Officer (PBO)\u2019s November 17 report, Costing Support for EV Battery Manufacturing.","abstract_fr":"La note qui suit r\u00e9tablit certaines affirmations erron\u00e9es qui ont circul\u00e9 dans les m\u00e9dias au sujet du rapport publi\u00e9 le 17 novembre par le directeur parlementaire du budget (DPB), \u00c9tablissement des co\u00fbts pour le soutien accord\u00e9 \u00e0 la fabrication de batteries de VE.","files":[]}
{"id":"RP-2324-020-S","is_published":"2023-11-17T13:57:03.000000Z","release_date":"2023-11-17T14:00:00.000000Z","updated_at":"2023-11-17T13:57:03.000000Z","type":"RP","internal_id":"RP-2324-020-S","title_en":"Costing Support for EV Battery Manufacturing","title_fr":"\u00c9tablissement des co\u00fbts pour le soutien accord\u00e9 \u00e0 la fabrication de batteries de VE","slug":"RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/eaafeb418199ab141962f0b62dae824e9ab2efa95e5baddd1fb5ad774a3fe984"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/337b12f003442ec688408097cd463349bbd0faf5ec089b514b390dc87995f117"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c243077b29e0c4c73cc1d064e55103b961edd2a351aa3c8448a3059baa7e1e72","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/32c31d3253741b77f044b3ee417403e288e4cc14a5a05b2ef6285e10a3ccd173","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/285d49d1d3c31b7087dee90a33f7b7131f6440bc678edd8ffeb33420e590a353","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e5d6f5c6ea84887e48b68c8a724b8d7668d05f597c6cbb68b53b7649ec9965f3","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8fdc063764a1ae36866191107e43df352f01134dedd93522015ee906aa6243a4","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/519159abbe5b5d8796ddabeed0a7c526f4240775539e79e0f31c5bf94bd400c2","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/161070e201e505877e10f14655d324d888b772a3dcfa77e0228f9d7ae45ad531","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f2bc34c5c9d7c753b35c0c74aacf8be66acc691b1cd09f6a2cb7e567f60729f1"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e78c3b92e6fbd65a653cf0bc40c725bc4ee0b12e455cb98586542f880b6a69c7","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/29a93fc623fde65f0eb7c13ec375577ccb4bc20aaa007061440e48d300fed660","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/df2eb0e5bab0fa545093271a746bfcf495696bf36b943836dfe491d27a32ed55","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6165cf309c17032ccdaa9974a67a22b9aa5ea07c81d40053259ce297fca679e8","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c75948663cf7967ed3984283b6f65fbe8cabc77206fbf3fb11149216ab4bcdd9","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/03c6578b8df62d7a3aedd1498159f8f5ed82343e55cd30c25bf14d390bef2e86","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/caecf2a59f2707b9aca07e1a5c6943828d890ae04d2ad9904286e774a3008b46","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cd3783326a93f5ca18d333cb8db46376e260c61da3158981e7b053721e1a1c67"}}},"metadata":{"abstract_en":"This report estimates the total cost of federal and provincial government support for EV battery manufacturing announced to date that will be provided to Northvolt, Volkswagen and Stellantis-LGES. The report also provides estimates of the break-even timelines for the announced production subsidies.","abstract_fr":"Ce rapport fournit une estimation du co\u00fbt total de l\u2019aide f\u00e9d\u00e9rale et provinciale pour la fabrication de batteries de v\u00e9hicules \u00e9lectriques (VE) qui a \u00e9t\u00e9 annonc\u00e9e \u00e0 ce jour pour Northvolt, Volkswagen et Stellantis-LGES. Il comporte \u00e9galement des estimations des seuils de rentabilit\u00e9 des subventions \u00e0 la production annonc\u00e9es.","highlights":[{"content":{"en":"PBO estimates the total cost of government support for EV battery manufacturing by Northvolt, Volkswagen and Stellantis-LGES to be $43.6 billion over 2022-23 to 2032 33\u2014$5.8 billion higher than the announced costs of $37.7 billion.","fr":"Le DPB estime que le co\u00fbt total de l\u2019aide gouvernementale accord\u00e9e \u00e0 Northvolt, \u00e0 Volkswagen et \u00e0 Stellantis-LGES pour la fabrication de batteries de VE s\u2019\u00e9l\u00e8vera \u00e0 43,6 milliards de dollars pour la p\u00e9riode de 2022-2023 \u00e0 2032 2033, ce qui repr\u00e9sente une augmentation de 5,8 milliards de dollars par rapport aux co\u00fbts annonc\u00e9s de 37,7 milliards de dollars."}},{"content":{"en":"The federal government and the government of Quebec recently announced a production subsidy of up to $4.6 billion for Northvolt. The federal government used PBO\u2019s methodology to estimate a break-even timeline of 9 years based on full production in every year.","fr":"Le gouvernement f\u00e9d\u00e9ral et le gouvernement du Qu\u00e9bec ont r\u00e9cemment annonc\u00e9 l\u2019octroi \u00e0 Northvolt d\u2019une subvention \u00e0 la production pouvant atteindre 4,6 milliards de dollars. Le gouvernement f\u00e9d\u00e9ral a utilis\u00e9 la m\u00e9thodologie du DPB pour estimer un seuil de rentabilit\u00e9 de neuf ans en se basant sur une production \u00e0 plein r\u00e9gime chaque ann\u00e9e."}},{"content":{"en":"Based on Northvolt\u2019s projected annual production schedule, PBO estimates a break-even timeline of 11 years for the $4.6 billion production subsidy.","fr":"Selon le calendrier de production annuel projet\u00e9 de Northvolt, le DPB estime \u00e0 11 ans le seuil de rentabilit\u00e9 de la subvention \u00e0 la production de 4,6 milliards de dollars."}},{"content":{"en":"PBO estimates a break-even timeline of 15 years for the $13.2 billion production subsidy announced for Volkswagen, and 23 years for the $15.0 billion in production subsidies for Stellantis-LGES\u2014consistent with our previous estimate (of 20 years) based on their combined production schedules.","fr":"Il estime par ailleurs que le seuil de rentabilit\u00e9 de la subvention \u00e0 la production de 13,2 milliards de dollars annonc\u00e9e pour Volkswagen serait atteint en 15 ans, et en 23 ans pour la subvention \u00e0 la production de 15 milliards accord\u00e9e pour Stellantis-LGES. Ces chiffres sont coh\u00e9rents avec notre estimation pr\u00e9c\u00e9dente (de 20 ans) qui \u00e9tait bas\u00e9e sur les calendriers de production combin\u00e9s de ces entreprises."}}]},"bills":[],"files":[{"id":2289,"created_at":"2023-11-20T14:19:05-05:00","updated_at":"2023-11-20T14:19:06-05:00","fileable_id":772,"fileable_type":"App\\Publication","mime":"application\/vnd.openxmlformats-officedocument.spreadsheetml.sheet","document_type":"supplementary_data","description_en":null,"description_fr":null,"bilingual":true,"urls":{"public":"https:\/\/pbo-dpb.s3.ca-central-1.amazonaws.com\/files--fichiers\/ef986a72c3fda03a1c62d035fb8436bc14053c054cdb430e8c83ffcbdb176a45"},"verbose_document_type":{"en":"Supplementary Data","fr":"Donn\u00e9es Suppl\u00e9mentaires"},"extension":"xlsx"}],"images":[],"bibtex":{"en":"@techreport{PBO-RP2324020S,\n author={Giswold, Jill and Dong, Matt},\n title={Costing Support for EV Battery Manufacturing},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324020S,\n author={Giswold, Jill and Dong, Matt},\n title={\\\u0027{E}tablissement des couts pour le soutien accord\\\u0027{e} \\`{a} la fabrication de batteries de VE},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}
{"id":"RP-2324-015-S","is_published":"2023-09-12T12:57:05.000000Z","release_date":"2023-09-12T13:00:00.000000Z","updated_at":"2023-09-12T12:57:05.000000Z","type":"RP","internal_id":"RP-2324-015-S","title_en":"Break-even Analysis of Production Subsidies for Stellantis-LGES and Volkswagen","title_fr":"Analyse du seuil de rentabilit\u00e9 des subventions \u00e0 la production accord\u00e9es \u00e0 Stellantis-LGES et Volkswagen","slug":"RP-2324-015-S--break-even-analysis-production-subsidies-stellantis-lges-volkswagen--analyse-seuil-rentabilite-subventions-production-accordees-stellantis-lges-volkswagen","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-015-S--break-even-analysis-production-subsidies-stellantis-lges-volkswagen--analyse-seuil-rentabilite-subventions-production-accordees-stellantis-lges-volkswagen","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-015-S--break-even-analysis-production-subsidies-stellantis-lges-volkswagen--analyse-seuil-rentabilite-subventions-production-accordees-stellantis-lges-volkswagen"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-015-S--break-even-analysis-production-subsidies-stellantis-lges-volkswagen--analyse-seuil-rentabilite-subventions-production-accordees-stellantis-lges-volkswagen","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-015-S--break-even-analysis-production-subsidies-stellantis-lges-volkswagen--analyse-seuil-rentabilite-subventions-production-accordees-stellantis-lges-volkswagen"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/243471bcfade3decfc9a60ed9050b6438ccf5dca3db091709abb68793915ddeb"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/c882b0668bcc35cef794d9ef514bc41456b9014db4e1a620293fd477edeeedf5"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/7be1b66aeb91e65e3dcac2e416c246c9b33743163049f12f1c4fa7f3dd0045dd","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d91cab9d7176ab7cddf557896bce1ca01dec5401d733e75c0dd92f357963d89f","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/351bd64ba171fa729f5f19abd6a321a716df7dbfbdeaad4a77251109fb45f773","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/75c2948fe1c503b571c708ad6602b283c18456985682a09dc828e526f0187cc2","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/105a2067799ee5703bc69ba7ac34aaba98625dcaeabbc856076a5b45c74a335f","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/dc90fd1214381ee949f4bd5a761c081a926de930dc8d1ba644933a6fc0aebc6d","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2f0d15b83eec192715932ab378ab6ca2ceef94131c0722a6e42114a224aec2a5","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f312ebf958731bf4d58b11ca3d76a3858278ef31ff16321e4eaf86bc4efc6f27"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/67d14d89658b710c20bf95e6ce09dd33e3bc980d12e939cf32200d402b259da5","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cacab516699ae095f7427ed1eb6586c577dc29106d42b87822b80b33b56a71ad","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c9324fa10ae8ebad7c5f2493158038c775a33f832e74bda5a8e16dd368afa646","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/68eb18edf8f9917e675b3d731f8e8949c37a57ae2dabb1f61e753b3dcaffd79f","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/853ecf4fc690994d223703ef23db8d91b066f59bebc0ecb099ea975105b5a6c0","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/21608e226467c59959d5b4ad42a17f8460a789b8a3e4a97d865e8887cefd4a5d","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3a5f0a85ef347b75cd7b8c3a46e2c20cd49c64f2b13d37504e2d422e4a3fa547","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/02705293716711f3c7e9909435a22c4537934e090d2e0b6f9b634ecea894c7f2"}}},"metadata":{"abstract_en":"This report provides a break-even analysis of the support for Stellantis-LG Energy Solutions and Volkswagen to estimate the period over which government revenues generated from their EV battery manufacturing plants will be equal to the total amount of production subsidies announced by the governments of Canada and Ontario.","abstract_fr":"Ce rapport pr\u00e9sente une analyse de rentabilit\u00e9 du soutien accord\u00e9 \u00e0 Stellantis-LG Energy Solutions et \u00e0 Volkswagen afin d\u2019estimer la p\u00e9riode au cours de laquelle les recettes publiques g\u00e9n\u00e9r\u00e9es par leurs usines de fabrication de batteries pour v\u00e9hicules \u00e9lectriques (VE) seront \u00e9gales au montant total des subventions \u00e0 la production annonc\u00e9es par les gouvernements du Canada et de l\u2019Ontario.","highlights":[{"content":{"en":"The federal government and the government of Ontario recently announced production subsidies of up to $15 billion for Stellantis-LG Energy Solutions (LGES). Based on the federal government\u2019s estimates, this brings announced production subsidies for Stellantis-LGES and Volkswagen to $28.2 billion by the end of 2032.","fr":"Le gouvernement f\u00e9d\u00e9ral et le gouvernement de l\u2019Ontario ont annonc\u00e9 r\u00e9cemment des subventions \u00e0 la production maximales de 15 milliards de dollars pour Stellantis-LG Energy Solutions (LGES). Selon les estimations du gouvernement f\u00e9d\u00e9ral, cette mesure porte les subventions \u00e0 la production annonc\u00e9es pour Stellantis-LGES et Volkswagen \u00e0 28,2 milliards de dollars d\u2019ici la fin de 2032."}},{"content":{"en":"PBO estimates that federal and provincial government revenues generated from the Stellantis-LGES and Volkswagen EV battery manufacturing plants over the period of 2024 to 2043 will be equal to the total amount of production subsidies ($28.2 billion)\u2014a break-even timeline of twenty years.","fr":"Le DPB estime que les recettes des gouvernements f\u00e9d\u00e9ral et provinciaux g\u00e9n\u00e9r\u00e9es par les usines de fabrication de batteries pour VE de Stellantis-LGES et de Volkswagen sur la p\u00e9riode de 2024 \u00e0 2043 seront \u00e9gales au montant total des subventions \u00e0 la production (28,2 milliards de dollars) \u2013 soit une p\u00e9riode d\u2019atteinte du seuil de rentabilit\u00e9 de vingt ans."}}]},"bills":[],"files":[],"images":[],"bibtex":{"en":"@techreport{PBO-RP2324015S,\n author={Giswold, Jill},\n title={Break-even Analysis of Production Subsidies for Stellantis-LGES and Volkswagen},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324015S,\n author={Giswold, Jill},\n title={Analyse du seuil de rentabilit\\\u0027{e} des subventions \\`{a} la production accord\\\u0027{e}es \\`{a} Stellantis-LGES et Volkswagen},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}
{"id":"RP-2324-008-S","is_published":"2023-06-14T12:27:03.000000Z","release_date":"2023-06-14T12:30:00.000000Z","updated_at":"2023-06-14T12:27:03.000000Z","type":"RP","internal_id":"RP-2324-008-S","title_en":"Fiscal Analysis of Canada\u2019s Support for Volkswagen\u2019s Electric Vehicle Battery Manufacturing Plant","title_fr":"Analyse financi\u00e8re du soutien du Canada \u00e0 la construction de l\u2019usine de fabrication de batteries pour v\u00e9hicules \u00e9lectriques de Volkswagen","slug":"RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/a3c5d4d96c20f870bb387b5acc23cef9aaffa368c8a7f704d6aff1f7a81fced1"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/edf2a11c09fe6cf48871e0c3396e1e16b0d8e5bc0cf0b02a793a67f869e18aa4"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cf7a2a6ab7b7654f82939649c7947cb654cebc2fa2ac07eb683e50a814ef10e1","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3506cc4bfabeb05cef520a1426e14486c6706825cd73bbadc7c4fc602102ee71","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6ac12dd95d3a5811d4eee50eb19dc745050b7f15116b0cd68c595a5ea640d089","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/475548b5c45a574e2c86f7af9211562384d26b787d202572b0395ce4c6e4bd4c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/81721d6f5f470082b61e900fcc23cb9880c3adb743b5bbf3352a284adeee062a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/21af4280a5a9357addaa0c47da5fcafe3dffc68dc2f8fe33cc53d4c4a2a28dca","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c1fcf55f7b988f2a6a5025c0e02e2dfa7449ae48c6c402e18985df570252cdce","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d47cbd2b5fb693f3ee54cd30e2d09c41c878204687bc0c5b145ff3d77e2544ff"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4bf054e2367ba7376be9b80130b94096a4994d267e4abd1249e59ed65fd92bff","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f14488407d30a33eab6de2a3813e142bf47bcb35e87d1178a978ef4e443816e8","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fb90b472be5a233ddbcbd05f19955d29e0a694de5b678701b94875f0d69d0552","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f2b883881916e91962325d7986fed2a919b123c5564623598b46a41bc985f74c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/069d2cdab81f32d51dcf659b35ee3c19e21f836fa9e6d4e607a16b73a4867489","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/38fc1724c66539af02bc53e70ac35422fcc1a2586ea4ecb943cb5c66f2a61b96","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/09e21417e79a7008c6c5039c0ccfe1ccb4390ecabf74d3672c9bb9ae4962c76d","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1a9a000087d517f09c75e87554212af83e2fa41128087dc2c9db6e8ee46d996e"}}},"metadata":{"abstract_en":"In response to interest from several Members of Parliament, this report provides a static cost estimate of the entirety of the Government of Canada\u2019s funding support for Volkswagen\u2019s electric vehicle battery manufacturing plant, as well as the economic and budgetary impacts of the plant\u2019s construction.","abstract_fr":"Afin de r\u00e9pondre \u00e0 l\u2019int\u00e9r\u00eat exprim\u00e9 par plusieurs d\u00e9put\u00e9s, le pr\u00e9sent rapport fournit une estimation statique des co\u00fbts de l\u2019ensemble du soutien financier apport\u00e9 par le gouvernement du Canada \u00e0 l\u2019usine de Volkswagen d\u00e9di\u00e9e \u00e0 la fabrication de batteries de v\u00e9hicules \u00e9lectriques, ainsi que des r\u00e9percussions \u00e9conomiques et budg\u00e9taires de cette construction.","highlights":[{"content":{"en":"The PBO estimates that the government will need to pay Volkswagen up to $16.3 billion over the period of the agreement.","fr":"Le DPB estime que le gouvernement devra verser \u00e0 Volkswagen jusqu\u0027\u00e0 16,3 milliards de dollars pendant la p\u00e9riode vis\u00e9e par l\u2019accord."}},{"content":{"en":"This report only examines the economic impact of the new facility\u2019s construction, which is marginal. We estimate that construction of the plant would increase real GDP by 0.01 per cent above its baseline projection by the end of 2027 and increase the level of employment by 1,400 jobs by that same time.","fr":"Le pr\u00e9sent rapport n\u2019examine que les retomb\u00e9es \u00e9conomiques de la construction de cette usine. Ces retomb\u00e9es sont marginales. Nous estimons que la construction de l\u2019usine augmenterait le PIB r\u00e9el de 0,01 % par rapport \u00e0 la projection de base d\u2019ici la fin de 2027 de m\u00eame que le niveau d\u2019emploi, avec 1 400 nouveaux postes d\u2019ici la m\u00eame \u00e9ch\u00e9ance."}},{"content":{"en":"The net budgetary impact of the plant\u2019s construction is expected to be approximately equal to the government\u2019s $0.7 billion contribution.","fr":"L\u2019incidence budg\u00e9taire nette de la construction de l\u2019usine devrait \u00eatre approximativement \u00e9gale \u00e0 la contribution du gouvernement (0,7 milliard de dollars)."}},{"content":{"en":"PBO continues to examine the government\u2019s support and will undertake an economic and fiscal analysis of the production support over the coming months.","fr":"Le DPB continue d\u2019examiner le soutien du gouvernement et entreprendra une analyse \u00e9conomique et financi\u00e8re du soutien \u00e0 la production au cours des prochains mois."}}]},"bills":[],"files":[{"id":2275,"created_at":"2023-10-30T10:21:31-04:00","updated_at":"2023-10-30T10:21:38-04:00","fileable_id":747,"fileable_type":"App\\Publication","mime":"application\/vnd.openxmlformats-officedocument.spreadsheetml.sheet","document_type":"supplementary_data","description_en":"Supplementary data: What is the economic impact?","description_fr":"Donn\u00e9s suppl\u00e9mentaires : Quelles sont les retomb\u00e9es \u00e9conomiques?","bilingual":true,"urls":{"public":"https:\/\/pbo-dpb.s3.ca-central-1.amazonaws.com\/files--fichiers\/275fd21414187710eddd87a4e149187ef06b22d5f53d2f6225ae03424aa762b2"},"verbose_document_type":{"en":"Supplementary Data","fr":"Donn\u00e9es Suppl\u00e9mentaires"},"extension":"xlsx"}],"images":[],"bibtex":{"en":"@techreport{PBO-RP2324008S,\n author={Giswold, Jill and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Fiscal Analysis of Canada\u2019s Support for Volkswagen\u2019s Electric Vehicle Battery Manufacturing Plant},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324008S,\n author={Giswold, Jill and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Analyse financi\\`{e}re du soutien du Canada \\`{a} la construction de l\u2019usine de fabrication de batteries pour v\\\u0027{e}hicules \\\u0027{e}lectriques de Volkswagen},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}
{"id":"LEG-2122-004-S","is_published":"2021-05-20T13:00:08.000000Z","release_date":"2021-05-20T13:00:00.000000Z","updated_at":"2021-05-20T13:00:08.000000Z","type":"LEG","internal_id":"LEG-2122-004-S","title_en":"Rate Reduction for Zero-Emission Technology Manufacturers","title_fr":"R\u00e9duction de taux pour les fabricants de technologies \u00e0 z\u00e9ro \u00e9mission","slug":"LEG-2122-004-S--rate-reduction-zero-emission-technology-manufacturers--reduction-taux-fabricants-technologies-zero-emission","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2122-004-S--rate-reduction-zero-emission-technology-manufacturers--reduction-taux-fabricants-technologies-zero-emission","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2122-004-S--rate-reduction-zero-emission-technology-manufacturers--reduction-taux-fabricants-technologies-zero-emission"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2122-004-S--rate-reduction-zero-emission-technology-manufacturers--reduction-taux-fabricants-technologies-zero-emission","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2122-004-S--rate-reduction-zero-emission-technology-manufacturers--reduction-taux-fabricants-technologies-zero-emission"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/00bdabc6558bde29d3a29feebef100230fa9954a50985128ba9bb20222622b88"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/ade0deb33771a0546cd94466aa7e8cda26ce3e7f52ad381f3412bba6e1612214"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/004bb0be77401b5edbef43f973746fe97e70d34689ca65af9160221948f6b0d6","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/56d04227dea7c1fe46b2d8667d057c52a12e907743fa3322d39272d6168c7470","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b5014d818f93336019cbf70cf674e09fd01baa57af1bfcb7c49d995e52ffb122","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cd5e619f2bd6c88cf14c4c79340f095ed47c30df85c26969b89c69bd5353d094","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/a0aaa9a6f1410b817a27638b388ab0f2097315f1f67e3e0998139a4b2ac77a6a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1657952bf92d23499a03e888634aeb2366de5718fa4fb280139bad098b654ffe","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/9251adc96ff7653fa270ef23284ca3ffdfdd3a34d86aa4f2cd22293dbdda7abd","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fe18c4b08a634036481c534f7c6b62ccb2077cd954d2ab1cd2d314f4b37409f2"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/169971232890a3fd8690b27d37bf74a2ce2bba834845dc12d8114f3467b13da4","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e1570c211d92e4341a6d3a5a82b9cbe0fc45739bd5e8c043c58c40d70c639148","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/86012b71e63c6dc40f06f9fc0cc209c5e49e0e1718622127aa71c78bd74d66ff","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/327e8f6ada5681cbc3c87e453b8e05fea539bea4b44d01ccfe291c2ac37f8da1","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/0fd12375e45fb2eac2e6821cc3e61ce68b19a71751075afc0e7fc1e5d0e3b748","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1b1e9ce53feb51f77acd449e32ce73f8c32a436ea0b4f983c9ea3daf99c34f62","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/b457a762d9319efa3396d93070122afee9a2d028785d2dd3352abdf8eb9293ba","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/80c3d0780041f15a526cdec06bc97812ccb6a9aad7b1c03c2dc6bc19aa9b7047"}}},"metadata":{"abstract_en":"The corporate income tax (CIT) rate on eligible zero-emission technology manufacturing and processing activities will be reduced in half. This will reduce the CIT rate on small businesses from 9 to 4.5 per cent and the general CIT rate from 15 to 7.5 per cent. The rate reduction will apply to taxation years that begin after 2021 and before 2031 (gradually phasing out between 2029 and 2031).","abstract_fr":"Le taux d\u2019imp\u00f4t sur le revenu des soci\u00e9t\u00e9s pour les activit\u00e9s admissibles de fabrication et de transformation de technologies \u00e0 z\u00e9ro \u00e9mission sera r\u00e9duit de moiti\u00e9. \u00a0Le taux d\u2019imposition des petites entreprises passera ainsi de 9 \u00e0 4,5 % et le taux d\u2019imposition g\u00e9n\u00e9ral sur le revenu des soci\u00e9t\u00e9s, de 15 \u00e0 7,5 %. La r\u00e9duction de taux s\u2019appliquera aux ann\u00e9es d\u2019imposition d\u00e9butant apr\u00e8s 2021 mais avant 2031 (avec une \u00e9limination progressive entre 2029 et 2031).","highlights":null},"bills":[],"files":[],"images":[],"bibtex":{"en":"@techreport{PBO-LEG2122004S,\n author={Bernier, Govindadeva},\n title={Rate Reduction for Zero-Emission Technology Manufacturers},\n institution={The Office of the Parliamentary Budget Officer},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2122004S,\n author={Bernier, Govindadeva},\n title={R\\\u0027{e}duction de taux pour les fabricants de technologies \\`{a} z\\\u0027{e}ro \\\u0027{e}mission},\n institution={Bureau du directeur parlementaire du budget},\n year=2021,\n \n address = \u0022Ottawa, ON\u0022\n}"}}
{"id":"LEG-2021-036-S","is_published":"2021-01-26T20:16:02.000000Z","release_date":"2020-10-01T04:00:00.000000Z","updated_at":"2022-03-02T16:39:23.000000Z","type":"LEG","internal_id":"LEG-2021-036-S","title_en":"Full Depreciation for Business Investment in Zero-Emission Vehicles","title_fr":"Amortissement complet de l\u2019investissement des entreprises dans des v\u00e9hicules \u00e0 \u00e9mission z\u00e9ro","slug":"LEG-2021-036-S--full-depreciation-business-investment-in-zero-emission-vehicles--amortissement-complet-investissement-entreprises-dans-vehicules-emission-zero","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-036-S--full-depreciation-business-investment-in-zero-emission-vehicles--amortissement-complet-investissement-entreprises-dans-vehicules-emission-zero","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/LEG-2021-036-S--full-depreciation-business-investment-in-zero-emission-vehicles--amortissement-complet-investissement-entreprises-dans-vehicules-emission-zero"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-036-S--full-depreciation-business-investment-in-zero-emission-vehicles--amortissement-complet-investissement-entreprises-dans-vehicules-emission-zero","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/LEG-2021-036-S--full-depreciation-business-investment-in-zero-emission-vehicles--amortissement-complet-investissement-entreprises-dans-vehicules-emission-zero"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/16890d732e5bc526fb67f3583951fb48e0e357246db486a273df7566eb94d709"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/e0960f4c5d6ac7bd1281d915e967f95d39b735fc34191d675bdb70031e2a150a"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ca167f2502113fe8379e954a5d324045aa803a28","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1979e55720a316bc9ee6a90e61b656abd297989d","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/416540975ff805ee1af481e7884a68ba6c26a0ba","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d3b643867f87b8a11c951a94bc3cf929c15aeddf","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c3ad74b15d49b40277bf89075a76dd539c4a99bf","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e1151662f499a45b745c2c48e003d0352224c0d3","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2c48538d72aa441fa483c689be4b01c284984ed0","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/5c3cac5d8ec7530681f91d9ce22b4c387f0813a5"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2899ae42e9d70b535794083a0ebe088f5d9c0dc5","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/ed18a743c9fda8999e08f0a5030368edd83c713d","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/31fdad75b69fc598e57679a437ec607da24c2a39","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d16373d432bfbfa2acd363e2cc649e04f9bd7018","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/23c559839a5e70c21addafd2f9c254aef9111587","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/03323b06dc4ce72b873ba028971dfe2693074e7f","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1db3418bdfdd0142e7b11fe328e1f89230ba20bd","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/2353c78a7f530402368d334d4ab38da97404d28c"}}},"metadata":{"abstract_en":"The government is introducing a 100% depreciation rate in the year of purchase for eligible zero-emission vehicles (ZEVs) purchased by a business. This policy will provide full (i.e. 100%) depreciation to used on-road battery electric, plug-in hybrid or hydrogen fuel cell vehicles. The 100% rate will also apply to new and used automotive equipment and vehicles that are fully electric, or hydrogen powered and that are used for the purpose of rail, air, marine or off-road transportation. \n\nThe 100% rate will apply to eligible vehicles purchased on or after March 2, 2020 and will expire on December 31, 2027 with a gradual phase out beginning January 1, 2024. Specifically, a 75% rate will apply to eligible vehicles purchased between January 1, 2024 and December 31, 2025 and a 55% rate will apply to purchases made between January 1, 2026 and December 31, 2027. \n\nThe estimated net cost of the full tax-write off for businesses investing in eligible zero-emission vehicles is $94 million between 2020-21 and 2024-25.","abstract_fr":"Le gouvernement introduit un taux d\u2019amortissement de 100 % l\u2019ann\u00e9e o\u00f9 une entreprise ach\u00e8te un v\u00e9hicule \u00e0 \u00e9mission z\u00e9ro (VEZ) admissible. Cette politique permettra d\u2019amortir en totalit\u00e9 (c.-\u00e0-d. 100 %) le co\u00fbt d\u2019achat d\u2019un v\u00e9hicule \u00e9lectrique \u00e0 batterie d\u2019occasion, d\u2019un v\u00e9hicule hybride rechargeable ou d\u2019un v\u00e9hicule \u00e0 pile combustible hydrog\u00e8ne. Le taux de 100 % s\u2019appliquera aussi au mat\u00e9riel et aux v\u00e9hicules automobiles neufs et d\u2019occasion qui sont enti\u00e8rement \u00e9lectriques ou aliment\u00e9s \u00e0 l\u2019hydrog\u00e8ne et qui sont utilis\u00e9s pour le transport ferroviaire, a\u00e9rien, maritime et hors route.\n\nLe taux de 100 % s\u2019appliquera aux v\u00e9hicules admissibles achet\u00e9s \u00e0 partir du 2 mars 2020 et viendra \u00e0 \u00e9ch\u00e9ance le 31 d\u00e9cembre 2027, \u00e0 la suite d\u2019une diminution graduelle qui commencera le 1er janvier 2024. Plus particuli\u00e8rement, un taux de 75 % s\u2019appliquera aux v\u00e9hicules achet\u00e9s entre le 1er janvier 2024 et le 31 d\u00e9cembre 2025, et un taux de 55 % s\u2019appliquera aux achats effectu\u00e9s entre le 1er janvier 2026 et le 31 d\u00e9cembre 2027.\n\nLe co\u00fbt net estim\u00e9 de la d\u00e9duction fiscale compl\u00e8te accord\u00e9e aux entreprises investissant dans des v\u00e9hicules \u00e0 \u00e9mission z\u00e9ro admissibles entre 2020-2021 et 2024-2025 s\u2019\u00e9l\u00e8ve \u00e0 94 millions de dollars.","highlights":null},"bills":[],"files":[],"images":[],"bibtex":{"en":"@techreport{PBO-LEG2021036S,\n author={Nahornick, Nora},\n title={Full Depreciation for Business Investment in Zero-Emission Vehicles},\n institution={The Office of the Parliamentary Budget Officer},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-LEG2021036S,\n author={Nahornick, Nora},\n title={Amortissement complet de l\u2019investissement des entreprises dans des v\\\u0027{e}hicules \\`{a} \\\u0027{e}mission z\\\u0027{e}ro},\n institution={Bureau du directeur parlementaire du budget},\n year=2020,\n \n address = \u0022Ottawa, ON\u0022\n}"}}
{"id":"RP-2324-020-S","is_published":"2023-11-17T13:57:03.000000Z","release_date":"2023-11-17T14:00:00.000000Z","updated_at":"2023-11-17T13:57:03.000000Z","type":"RP","internal_id":"RP-2324-020-S","title_en":"Costing Support for EV Battery Manufacturing","title_fr":"\u00c9tablissement des co\u00fbts pour le soutien accord\u00e9 \u00e0 la fabrication de batteries de VE","slug":"RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-020-S--costing-support-ev-battery-manufacturing--etablissement-couts-soutien-accorde-fabrication-batteries-ve"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/eaafeb418199ab141962f0b62dae824e9ab2efa95e5baddd1fb5ad774a3fe984"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/337b12f003442ec688408097cd463349bbd0faf5ec089b514b390dc87995f117"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c243077b29e0c4c73cc1d064e55103b961edd2a351aa3c8448a3059baa7e1e72","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/32c31d3253741b77f044b3ee417403e288e4cc14a5a05b2ef6285e10a3ccd173","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/285d49d1d3c31b7087dee90a33f7b7131f6440bc678edd8ffeb33420e590a353","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e5d6f5c6ea84887e48b68c8a724b8d7668d05f597c6cbb68b53b7649ec9965f3","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/8fdc063764a1ae36866191107e43df352f01134dedd93522015ee906aa6243a4","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/519159abbe5b5d8796ddabeed0a7c526f4240775539e79e0f31c5bf94bd400c2","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/161070e201e505877e10f14655d324d888b772a3dcfa77e0228f9d7ae45ad531","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f2bc34c5c9d7c753b35c0c74aacf8be66acc691b1cd09f6a2cb7e567f60729f1"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/e78c3b92e6fbd65a653cf0bc40c725bc4ee0b12e455cb98586542f880b6a69c7","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/29a93fc623fde65f0eb7c13ec375577ccb4bc20aaa007061440e48d300fed660","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/df2eb0e5bab0fa545093271a746bfcf495696bf36b943836dfe491d27a32ed55","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6165cf309c17032ccdaa9974a67a22b9aa5ea07c81d40053259ce297fca679e8","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c75948663cf7967ed3984283b6f65fbe8cabc77206fbf3fb11149216ab4bcdd9","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/03c6578b8df62d7a3aedd1498159f8f5ed82343e55cd30c25bf14d390bef2e86","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/caecf2a59f2707b9aca07e1a5c6943828d890ae04d2ad9904286e774a3008b46","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cd3783326a93f5ca18d333cb8db46376e260c61da3158981e7b053721e1a1c67"}}},"metadata":{"abstract_en":"This report estimates the total cost of federal and provincial government support for EV battery manufacturing announced to date that will be provided to Northvolt, Volkswagen and Stellantis-LGES. The report also provides estimates of the break-even timelines for the announced production subsidies.","abstract_fr":"Ce rapport fournit une estimation du co\u00fbt total de l\u2019aide f\u00e9d\u00e9rale et provinciale pour la fabrication de batteries de v\u00e9hicules \u00e9lectriques (VE) qui a \u00e9t\u00e9 annonc\u00e9e \u00e0 ce jour pour Northvolt, Volkswagen et Stellantis-LGES. Il comporte \u00e9galement des estimations des seuils de rentabilit\u00e9 des subventions \u00e0 la production annonc\u00e9es.","highlights":[{"content":{"en":"PBO estimates the total cost of government support for EV battery manufacturing by Northvolt, Volkswagen and Stellantis-LGES to be $43.6 billion over 2022-23 to 2032 33\u2014$5.8 billion higher than the announced costs of $37.7 billion.","fr":"Le DPB estime que le co\u00fbt total de l\u2019aide gouvernementale accord\u00e9e \u00e0 Northvolt, \u00e0 Volkswagen et \u00e0 Stellantis-LGES pour la fabrication de batteries de VE s\u2019\u00e9l\u00e8vera \u00e0 43,6 milliards de dollars pour la p\u00e9riode de 2022-2023 \u00e0 2032 2033, ce qui repr\u00e9sente une augmentation de 5,8 milliards de dollars par rapport aux co\u00fbts annonc\u00e9s de 37,7 milliards de dollars."}},{"content":{"en":"The federal government and the government of Quebec recently announced a production subsidy of up to $4.6 billion for Northvolt. The federal government used PBO\u2019s methodology to estimate a break-even timeline of 9 years based on full production in every year.","fr":"Le gouvernement f\u00e9d\u00e9ral et le gouvernement du Qu\u00e9bec ont r\u00e9cemment annonc\u00e9 l\u2019octroi \u00e0 Northvolt d\u2019une subvention \u00e0 la production pouvant atteindre 4,6 milliards de dollars. Le gouvernement f\u00e9d\u00e9ral a utilis\u00e9 la m\u00e9thodologie du DPB pour estimer un seuil de rentabilit\u00e9 de neuf ans en se basant sur une production \u00e0 plein r\u00e9gime chaque ann\u00e9e."}},{"content":{"en":"Based on Northvolt\u2019s projected annual production schedule, PBO estimates a break-even timeline of 11 years for the $4.6 billion production subsidy.","fr":"Selon le calendrier de production annuel projet\u00e9 de Northvolt, le DPB estime \u00e0 11 ans le seuil de rentabilit\u00e9 de la subvention \u00e0 la production de 4,6 milliards de dollars."}},{"content":{"en":"PBO estimates a break-even timeline of 15 years for the $13.2 billion production subsidy announced for Volkswagen, and 23 years for the $15.0 billion in production subsidies for Stellantis-LGES\u2014consistent with our previous estimate (of 20 years) based on their combined production schedules.","fr":"Il estime par ailleurs que le seuil de rentabilit\u00e9 de la subvention \u00e0 la production de 13,2 milliards de dollars annonc\u00e9e pour Volkswagen serait atteint en 15 ans, et en 23 ans pour la subvention \u00e0 la production de 15 milliards accord\u00e9e pour Stellantis-LGES. Ces chiffres sont coh\u00e9rents avec notre estimation pr\u00e9c\u00e9dente (de 20 ans) qui \u00e9tait bas\u00e9e sur les calendriers de production combin\u00e9s de ces entreprises."}}]},"bills":[],"files":[{"id":2289,"created_at":"2023-11-20T14:19:05-05:00","updated_at":"2023-11-20T14:19:06-05:00","fileable_id":772,"fileable_type":"App\\Publication","mime":"application\/vnd.openxmlformats-officedocument.spreadsheetml.sheet","document_type":"supplementary_data","description_en":null,"description_fr":null,"bilingual":true,"urls":{"public":"https:\/\/pbo-dpb.s3.ca-central-1.amazonaws.com\/files--fichiers\/ef986a72c3fda03a1c62d035fb8436bc14053c054cdb430e8c83ffcbdb176a45"},"verbose_document_type":{"en":"Supplementary Data","fr":"Donn\u00e9es Suppl\u00e9mentaires"},"extension":"xlsx"}],"images":[],"bibtex":{"en":"@techreport{PBO-RP2324020S,\n author={Giswold, Jill and Dong, Matt},\n title={Costing Support for EV Battery Manufacturing},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324020S,\n author={Giswold, Jill and Dong, Matt},\n title={\\\u0027{E}tablissement des couts pour le soutien accord\\\u0027{e} \\`{a} la fabrication de batteries de VE},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}
{"id":"RP-2324-008-S","is_published":"2023-06-14T12:27:03.000000Z","release_date":"2023-06-14T12:30:00.000000Z","updated_at":"2023-06-14T12:27:03.000000Z","type":"RP","internal_id":"RP-2324-008-S","title_en":"Fiscal Analysis of Canada\u2019s Support for Volkswagen\u2019s Electric Vehicle Battery Manufacturing Plant","title_fr":"Analyse financi\u00e8re du soutien du Canada \u00e0 la construction de l\u2019usine de fabrication de batteries pour v\u00e9hicules \u00e9lectriques de Volkswagen","slug":"RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","permalinks":{"en":{"website":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","preview":"https:\/\/www.pbo-dpb.ca\/en\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol"},"fr":{"website":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol","preview":"https:\/\/www.pbo-dpb.ca\/fr\/publications\/RP-2324-008-S--fiscal-analysis-canada-support-volkswagen-electric-vehicle-battery-manufacturing-plant--analyse-financiere-soutien-canada-construction-usine-fabrication-batteries-vehicules-electriques-vol"}},"artifacts":{"main":{"en":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/a3c5d4d96c20f870bb387b5acc23cef9aaffa368c8a7f704d6aff1f7a81fced1"},"fr":{"public":"https:\/\/distribution-a617274656661637473.pbo-dpb.ca\/edf2a11c09fe6cf48871e0c3396e1e16b0d8e5bc0cf0b02a793a67f869e18aa4"}}},"coverpages":{"distribution":{"fr":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/cf7a2a6ab7b7654f82939649c7947cb654cebc2fa2ac07eb683e50a814ef10e1","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/3506cc4bfabeb05cef520a1426e14486c6706825cd73bbadc7c4fc602102ee71","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/6ac12dd95d3a5811d4eee50eb19dc745050b7f15116b0cd68c595a5ea640d089","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/475548b5c45a574e2c86f7af9211562384d26b787d202572b0395ce4c6e4bd4c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/81721d6f5f470082b61e900fcc23cb9880c3adb743b5bbf3352a284adeee062a","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/21af4280a5a9357addaa0c47da5fcafe3dffc68dc2f8fe33cc53d4c4a2a28dca","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/c1fcf55f7b988f2a6a5025c0e02e2dfa7449ae48c6c402e18985df570252cdce","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/d47cbd2b5fb693f3ee54cd30e2d09c41c878204687bc0c5b145ff3d77e2544ff"},"en":{"small":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/4bf054e2367ba7376be9b80130b94096a4994d267e4abd1249e59ed65fd92bff","large":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f14488407d30a33eab6de2a3813e142bf47bcb35e87d1178a978ef4e443816e8","h150_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/fb90b472be5a233ddbcbd05f19955d29e0a694de5b678701b94875f0d69d0552","h150_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/f2b883881916e91962325d7986fed2a919b123c5564623598b46a41bc985f74c","h300_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/069d2cdab81f32d51dcf659b35ee3c19e21f836fa9e6d4e607a16b73a4867489","h300_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/38fc1724c66539af02bc53e70ac35422fcc1a2586ea4ecb943cb5c66f2a61b96","h600_png_optimized":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/09e21417e79a7008c6c5039c0ccfe1ccb4390ecabf74d3672c9bb9ae4962c76d","h600_webp":"https:\/\/distribution-i696d61676573.pbo-dpb.ca\/1a9a000087d517f09c75e87554212af83e2fa41128087dc2c9db6e8ee46d996e"}}},"metadata":{"abstract_en":"In response to interest from several Members of Parliament, this report provides a static cost estimate of the entirety of the Government of Canada\u2019s funding support for Volkswagen\u2019s electric vehicle battery manufacturing plant, as well as the economic and budgetary impacts of the plant\u2019s construction.","abstract_fr":"Afin de r\u00e9pondre \u00e0 l\u2019int\u00e9r\u00eat exprim\u00e9 par plusieurs d\u00e9put\u00e9s, le pr\u00e9sent rapport fournit une estimation statique des co\u00fbts de l\u2019ensemble du soutien financier apport\u00e9 par le gouvernement du Canada \u00e0 l\u2019usine de Volkswagen d\u00e9di\u00e9e \u00e0 la fabrication de batteries de v\u00e9hicules \u00e9lectriques, ainsi que des r\u00e9percussions \u00e9conomiques et budg\u00e9taires de cette construction.","highlights":[{"content":{"en":"The PBO estimates that the government will need to pay Volkswagen up to $16.3 billion over the period of the agreement.","fr":"Le DPB estime que le gouvernement devra verser \u00e0 Volkswagen jusqu\u0027\u00e0 16,3 milliards de dollars pendant la p\u00e9riode vis\u00e9e par l\u2019accord."}},{"content":{"en":"This report only examines the economic impact of the new facility\u2019s construction, which is marginal. We estimate that construction of the plant would increase real GDP by 0.01 per cent above its baseline projection by the end of 2027 and increase the level of employment by 1,400 jobs by that same time.","fr":"Le pr\u00e9sent rapport n\u2019examine que les retomb\u00e9es \u00e9conomiques de la construction de cette usine. Ces retomb\u00e9es sont marginales. Nous estimons que la construction de l\u2019usine augmenterait le PIB r\u00e9el de 0,01 % par rapport \u00e0 la projection de base d\u2019ici la fin de 2027 de m\u00eame que le niveau d\u2019emploi, avec 1 400 nouveaux postes d\u2019ici la m\u00eame \u00e9ch\u00e9ance."}},{"content":{"en":"The net budgetary impact of the plant\u2019s construction is expected to be approximately equal to the government\u2019s $0.7 billion contribution.","fr":"L\u2019incidence budg\u00e9taire nette de la construction de l\u2019usine devrait \u00eatre approximativement \u00e9gale \u00e0 la contribution du gouvernement (0,7 milliard de dollars)."}},{"content":{"en":"PBO continues to examine the government\u2019s support and will undertake an economic and fiscal analysis of the production support over the coming months.","fr":"Le DPB continue d\u2019examiner le soutien du gouvernement et entreprendra une analyse \u00e9conomique et financi\u00e8re du soutien \u00e0 la production au cours des prochains mois."}}]},"bills":[],"files":[{"id":2275,"created_at":"2023-10-30T10:21:31-04:00","updated_at":"2023-10-30T10:21:38-04:00","fileable_id":747,"fileable_type":"App\\Publication","mime":"application\/vnd.openxmlformats-officedocument.spreadsheetml.sheet","document_type":"supplementary_data","description_en":"Supplementary data: What is the economic impact?","description_fr":"Donn\u00e9s suppl\u00e9mentaires : Quelles sont les retomb\u00e9es \u00e9conomiques?","bilingual":true,"urls":{"public":"https:\/\/pbo-dpb.s3.ca-central-1.amazonaws.com\/files--fichiers\/275fd21414187710eddd87a4e149187ef06b22d5f53d2f6225ae03424aa762b2"},"verbose_document_type":{"en":"Supplementary Data","fr":"Donn\u00e9es Suppl\u00e9mentaires"},"extension":"xlsx"}],"images":[],"bibtex":{"en":"@techreport{PBO-RP2324008S,\n author={Giswold, Jill and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Fiscal Analysis of Canada\u2019s Support for Volkswagen\u2019s Electric Vehicle Battery Manufacturing Plant},\n institution={The Office of the Parliamentary Budget Officer},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}","fr":"@techreport{DPB-RP2324008S,\n author={Giswold, Jill and Matier, Chris and Nahornick, Nora and Nicol, Caroline and Stanton, Jason},\n title={Analyse financi\\`{e}re du soutien du Canada \\`{a} la construction de l\u2019usine de fabrication de batteries pour v\\\u0027{e}hicules \\\u0027{e}lectriques de Volkswagen},\n institution={Bureau du directeur parlementaire du budget},\n year=2023,\n \n address = \u0022Ottawa, ON\u0022\n}"}}
