🇨🇦 Billions burned on Trudeau’s EV fantasy
Volkswagen’s St. Thomas battery plant is now delayed to 2029, after Ottawa and Queen’s Park sprayed billions at an EV boom that still can’t find enough buyers. One retired Toyota executive summed up the farce perfectly: a plant sized for roughly one million EV batteries a year, even though VW’s assembly footprint in the U.S. and Mexico doesn’t justify it. So taxpayers funded a mega-factory first and prayed demand would magically appear later, as reported.
This is what globalist industrial policy looks like in Canada: politicians chasing applause lines, foreign firms cashing subsidies, and the public left underwriting delays, cancellations, suspensions, bankruptcies and rewrites. Ontario and Ottawa didn’t build a sovereign auto strategy; they built a transfer pipeline from Canadian taxpayers to multinational boardrooms for a green fad sold as destiny. Trudeau-era economics in one picture: import people, subsidize corporate vanity projects, and call it nation-building while our real industrial base gets hollowed out.
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