Evening Update: Ottawa to provide Volkswagen with up to $13-billion in subsidies for EV battery plant

News Snapshot:

Good evening, let’s start with today’s top stories: Ottawa matches U.S. with up to $13-billion in subsidies to land Volkswagen EV battery plant The federal government will provide Volkswagen with up to $13-billion in annual production subsidies for its new electric-vehicle battery plant – nearly double the estimated $7-billion cost of building the facility in St. Thomas, Ont. Ottawa’s backing is by far the most generous support that Canada has provided for an automaker to locate a factory here. It’s meant to match the subsidization that Volkswagen would have received through U.S. President Joe Biden’s Inflation Reduction Act, had it...