Tag: Parliamentary Budget Officer Yves Giroux

PBO’s $16B Estimate for Volkswagen Deal Is ‘Wrong,’ Freeland Says

June 14, 2023
CanadaChrystia FreelandParliamentary Budget Officer Yves GirouxPBOVolkswagenWorldYves Giroux
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Parliamentary Budget Officer (PBO) Yves Giroux was “wrong” in estimating that the federal government’s recent deal with Volkswagen to incentivize the German automaking giant to build an electric vehicle battery manufacturing plant in Ontario will cost taxpayers over $16 billion, says Finance Minister Chrystia Freeland. Freeland spoke to reporters in Ottawa on June 14 just…

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Ottawa’s Volkswagen EV Battery Plant Deal Will Cost Over $16 Billion, Says PBO

June 14, 2023
CanadaParliamentary Budget Officer Yves GirouxPBOVolkswagenWorldYves Giroux
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The federal government’s deal with Volkswagen made earlier this year to incentivize the European automaking giant to build its first overseas electric vehicle (EV) battery manufacturing plant in Ontario will cost taxpayers over $16 billion, says the Parliamentary Budget Officer (PBO). “Based on our analysis, the federal government’s financial commitment to Volkswagen will total around $16.3 billion…

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