Canada is pouring billions of dollars into the electric car industry. Will it work?

Canadian Prime Minister Justin Trudeau and Quebec Premier François Legault announced details of a project they described as "historic." This project aligns with Quebec's commitment to a green economy.
In this project, the capacity for battery cell production will be upgraded to 60 gigawatt-hours annually, sufficient to power approximately one million electric vehicles per year. The first phase, scheduled for completion by the end of 2026, will include facilities for cathode active material production (a crucial component of electric vehicle batteries) and battery recycling.
The project will receive a total of $2.7 billion in funding from federal and provincial governments, generating up to 3,000 new jobs. Additionally, government incentives totaling $4.6 billion for production will be available, with Quebec contributing one-third of the amount.
This initiative is part of Canada's efforts to support the electric vehicle industry and is considered crucial due to the need for public funding to compete in international markets. This project is the latest development in Canada's commitment to expanding the electric vehicle industry.
Furthermore, federal and provincial governments have also committed funds to support the electric vehicle battery factory of Stellantis-LG in Windsor, Ontario, and Volkswagen's battery plant in St. Thomas, Ontario. Ontario, over the next 20 years, will receive $28.2 billion in incentives for electricity production facilities. Parliamentary Budget Officer Greg Mordue noted that it would take 20 years for the federal and Ontario governments to fulfill their commitment of providing $28 billion in production incentives for these two plants. 
Paulo Serôdio, CEO and one of the founders of Northvolt, stated that the company is attracted to affordable and clean hydropower and will benefit from readily available raw materials. A lithium mine in La Corne, Quebec, located 550 kilometers north of Montreal, is increasing its production. Financial incentives have also played a significant role.
Canada has positioned itself as a competitive player in the same league as what the United States has done. Mina Bieber, Senior Policy Analyst at Clean Energy, noted that the inflation reduction law, perceived as one of the most ambitious climate bills in US history, is also an international "game-changer" that increases competition among countries to participate in the growing green economy.

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