Quebec Halts Subsidies for Troubled EV Maker Lion Electric
2025-05-02
The Quebec government announced it will not provide further funding to Lion Electric, an electric vehicle maker struggling financially and seeking creditor protection. Despite Lion Electric's past role as a flagship in Quebec's EV ambitions, the government deemed further investment irresponsible due to shifting US policy, and flaws in Quebec's own subsidy program. This decision jeopardizes the company's restructuring efforts and leaves Quebec school bus operators in a difficult position, facing mandates for electric buses. The government is reevaluating its electrification plan and exploring alternative solutions to meet its EV goals.
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