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Canada’s Budget 2022 calls for C$3.8B to launch Critical Minerals Strategy

Green Car Congress

billion) in funding to make zero-emission vehicles more affordable and to build a national network of charging stations. Among its measures is up to C$3.8 billion (US$3 billion) to implement Canada’s first Critical Minerals Strategy to capitalize on a growing need for the minerals used in everything from phones to electric cars.

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The Importance of Recycling and Repurposing EV Batteries

Setec Powerr

Valuable materials such as cobalt, nickel, lithium, and copper are then extracted and refined, removing impurities to meet quality standards for reuse. This cost reduction can be passed on to consumers, making EVs more affordable and accessible. This step often combines mechanical and chemical methods to ensure safety.

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This is Volkswagen’s Brilliant Strategy To Dominate The EV Market!

Get Electric Vehicle

But despite the similarities, there was a major difference between the Model T and Model S which was ‘AFFORDABILITY’. The cathode, one of the two electrodes that stores and releases a charge, is the most expensive part in each cell. Room for customization of vehicles(They had a variety of options). The Action Plan.

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