Evening Update: Ottawa’s break-even estimate on EV plant subsidies challenged

News Snapshot:

Good evening, let’s start with today’s top stories: Ottawa underestimates break-even point for EV plant subsidies: PBO Federal and Ontario government subsidies that total $28.2-billion for two electric vehicle battery plants will take 20 years to break even, not five as Ottawa has suggested, according to a new report by Parliamentary Budget Officer Yves Giroux. In April, Ottawa announced $13.2-billion in federal production subsidies for a new EV battery plant to be built by Volkswagen in St. Thomas, Ont. In July, Ottawa and Ontario unveiled subsidies for a Stellantis-LG Energy Solutions EV battery plant in Windsor worth up to $15-billion....