PBO: EV battery plant subsidies to take 20 years, not 5, to break even for governments
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PBO estimates it will take 20 years, not 5, for governments to break even on EV battery plant subsidies to VW and Stellantis
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VW to get $13.2B in production subsidies, Stellantis to get $15B
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Industry Minister previously claimed subsidies would pay off in 5 years
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PBO says broader economic impacts uncertain, can't assume all related growth will occur
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Government maintains investments will still generate major economic benefits