Juno News

Juno News

$7 billion Northvolt EV battery plant project ends in failure

An electric vehicle battery project that cost taxpayers more than $7 billion is coming to an end, following a wave of EV companies suffering major losses as consumers revert to gas-powered automotives

Quinn Patrick
Sep 05, 2025
∙ Paid
Source: Wikimedia Commons

An electric vehicle battery project that cost taxpayers more than $7 billion is coming to an end, following a wave of EV companies suffering major losses as consumers revert to gas-powered automotives.

The Quebec government announced it would cease funding the Northvolt EV battery plant after committing $2.9 billion to the projec…

User's avatar

Continue reading this post for free, courtesy of Candice Malcolm.

Or purchase a paid subscription.
Quinn Patrick's avatar
A guest post by
Quinn Patrick
Subscribe to Quinn
© 2026 Candice Malcolm · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture