Automotive sector

Vic Fedeli: Revitalizing Ontario’s Automotive Sector to Re-energize Canada’s Economic Engine

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Ontario’s automotive manufacturing sector has a long and rich history of excellence, fueling Canada’s economic engine and making the province one of North America’s premier automotive hubs.

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Ontario is home to a unique ecosystem of world-class vehicle assemblers, a strong and resilient supply chain, and research centers that have served the needs of international customers for over 100 years. With the second largest technology cluster in North America and a renowned engineering talent pool, our automotive cluster’s expertise ranges from proof of concept prototyping to global logistics tracking software. Cutting-edge technologies from Ontario’s research labs and innovators are shaping the future of connected car, driverless vehicle and electric vehicle production technologies.

In the early 2000s, companies told us that Ontario had become one of the most expensive places to do business. Our government has gone to great lengths to bring back businesses and lay the foundation for future prosperity and investment. And as the COVID-19 pandemic continues to impact global economies, we’ve made great strides in making Ontario an easier place for businesses to grow and prosper.

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The future of the automotive industry is moving towards the next generation of automotive technologies – and Ontario has the expertise to develop these technologies. This is one of the reasons our auto industry has gained notoriety and why so many automotive leaders are interested in expanding or retooling their operations in Ontario.

Over the past year, Ontario’s auto sector has attracted significant investment to the province. Global automakers have announced investments of nearly $ 6 billion, with upgrades and new technologies for facilities across the province, including more than $ 4 billion in transformative investments in vehicle production electric.

Since taking office, we have listened to the industry and worked hard to develop the competitive environment necessary to facilitate this type of investment. By reducing taxes, electricity costs and red tape, our government has reduced the cost of doing business in Ontario by $ 7 billion a year.

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The future of the automotive industry is moving towards the next generation of automotive technologies, including the manufacture of electric vehicles and electric vehicle batteries – and we have the skilled workforce, expertise and skills. essential northern minerals needed to develop these technologies. The future of our automotive sector will mean transforming our supply chains and creating a national battery ecosystem, including research and commercialization. It will mean thousands of new jobs for workers in Ontario.

Our plan, Building Prosperity: The Future of Ontario’s Automotive Sector, set out a 10-year vision of how industry, research and education, and all three levels of government can working together to ensure that the automotive sector reaches its full potential.

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In the last provincial budget, we announced the first phase of Driving Prosperity 2 with the announcement of the Ontario Vehicle Innovation Network (OVIN). We are investing $ 56.4 million over the next four years to accelerate the development of next-generation electric, connected and autonomous vehicle and mobility technologies that help reduce the environmental and carbon footprint.

Soon we’ll be announcing the next phase of our Driving Prosperity plan to grow Ontario’s auto sector and protect the good jobs and the workers who depend on it. Our plan will help support Ontario’s auto industry with programs that facilitate technology, accelerate the development of electric, connected and autonomous driving technologies, and provide experiential learning opportunities.

These commitments to excellence, our talented workforce, our prime location, our raw materials and our history of manufacturing quality products will make Ontario the number one choice for companies looking to build and export cars. and the automotive technology of the future. The revival of Ontario’s auto sector will be one of the engines of our economic recovery and will secure our place as Canada’s economic engine for generations to come.

Vic Fedeli is the Minister of Economic Development, Jobs Creation and Trade for Ontario.

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