Japan auto giant's new EV battery plant will be the third in Ontario—in addition to a Volkswagen facility in St. Thomas to start construction in 2025 and a Stellantis-LG plant in Windsor under way since last year.
The U.S. Energy Dept. updates its strategy to cut emissions with clean hydrogen, but the Treasury Dept. won't propose until summer rules on how emissions from its production are counted when awarding critical project tax incentives outlined in the 2022 climate law.
East Coast senators, including Cory Booker and Robert Menendez of New Jersey, want 30% investment tax credit and production tax credit for union-labor manufacturing sites, as proposed projects ramp up in Maryland and North Carolina
