"We estimate that federal and provincial government tax revenues generated from the Stellantis-LGES and Volkswagen EV battery manufacturing plants over the period 2024 to 2043 will be equal to the total amount of production subsidies," Parliamentary Budget Officer Yves Giroux said.
"The Parliamentary Budget Officer's analysis released today demonstrates that the Stellantis-LGES and Volkswagen investments are good deals for Canadians, the auto sector and our workers," Canada's industry minister Francois-Philippe Champagne said in statement.
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