Volkswagen announced that its first gigafactory in North America will be located in the city of St. Thomas in the Canadian province of Ontario. By establishing a battery plant in North America, Volkswagen hopes to meet a major requirement to enable its EVs to be eligible for the US federal tax credit of $7,500.
According to VW, the St. Thomas plant “will equip the Group brand’s BEVs in the region with cutting-edge battery cells.” The company signed a memorandum of understanding with…
