Morning Update: With Stellantis deal, Ontario takes on a bigger role in pursuit of domestic EV industry

News Snapshot:

Good morning, Ontario will pay a major share of subsidies for battery factories being built in the province, under a new agreement with the federal government that will relieve Ottawa of some of the financial burden of luring these facilities to Canada. Ontario Premier Doug Ford’s deputy chief of staff called the pledge a “framework for future deals,” while a spokesperson for Canadian Finance Minister Chrystia Freeland said the current arrangement only applies to Stellantis-LG and Volkswagen, leaving plans for the future ambiguous. Now that the province and country are going to be on the EV-making map, which has been...