The Canadian Vehicle Manufacturers’ Association (CVMA) has welcomed the release of the new Canadian Federal Budget, which, they believe, supports electric and alternative fuel vehicle adoption, research and development, and innovation.
The CVMA was also encouraged with the proposed extension to the Automotive Investment Fund (AIF) to 2020-21 and the commitment from the Government to further examine approaches that will address industry’s concerns, maximize the impact and enhance the competitiveness of the AIF to ensure that auto manufacturing sector remains a strong contributor to Canada’s economy.
“The members of the CVMA appreciate the government’s acknowledgement of the importance of the auto manufacturing industry in Budget 2016,” stated Mark Nantais, CVMA president. “The CVMA will look forward to working with the government on the details of this and other provisions that will support the industry’s competitiveness.”
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