Japanese auto giant Honda said Thursday its plans to build a multi-billion-dollar electric vehicle plant in Canada have been “indefinitely suspended,” marking another blow to the country’s tariff-hit auto sector.
Canada had hoped to become a global EV production powerhouse, inking massive government-backed deals with leading automakers like Honda and Germany’s Volkswagen — but those ambitions are fraying.
Demand for EVs has proven softer than expected in some markets, and sales have been hurt by U.S. President Donald Trump’s decision to scrap federal government tax breaks for electric vehicle sales.
Honda said in a statement its decision was driven by “evolving business conditions, a change in external resource strategy and shifting customer demand.”
The company had planned to expand its operations in Alliston, Ontario, about 90 kilometres north of Toronto, where it has been producing conventional vehicles for decades.
When the plan was announced two years ago, Canadian officials valued the project at roughly C$15 billion ($11 billion).
Canada has pitched itself as an ideal location for EV battery production, arguing it has huge reserves of the critical minerals needed for advanced battery technology and an abundance of skilled auto workers.
But multiple projects have been delayed or suspended as automakers have adjusted their plans to ramp up EV production.
Honda announced in March that it was cancelling the launch and development of certain EV models in the United States, blaming a “government policy shift” by the Trump administration.
Canada’s auto industry has also been hit uniquely hard by Trump’s tariffs, given the deep integration of the North American auto sector.
Have you not received your FESCO bill yet? Do you receive your electricity bill late every month? If yes, don’t worry, we are here to assist you and solve your problem. We came up with an easy and quick solution to your problem. Now, you can check your FESCO Duplicate Bill Online for free. Just visit https://fescoebil.pk/ and enter your Reference number or Consumer ID to get your duplicate bill.
Now, you can download your electricity bill as a PDF or print it. It can be used for payment purposes or as a record. You can also check your monthly history of bill payments, electricity usage, and more for the past 12 months.
If you did not get your bill early. If you are getting late with your monthly duplicate bill every month. You can visit the site https://lescobils.pk/ to check and download your bill online for free every month without any subscription.
You need just enter your reference number or customer ID to check and download your bill online for free. Now you can download your bill as a PDF and print it easily.