The Financial Post reports in its Tuesday edition that investment in Canada's electric vehicle supply chain persists despite U.S. President Donald Trump's threats to roll back climate legislation. The Post's Gabriel Friedman writes that recently, Inmotion Ventures invested $2-million in Toronto's Cyclic Materials, a rare earth recycling start-up. Additionally, Neo Battery Materials announced plans for a $120-million silicon anode manufacturing plant in Windsor, Ont. While both companies are still far from commercial production, they are advancing despite potential challenges from Mr. Trump's executive orders that may pause EV supply chain funding and investment in charging infrastructure, which could negatively impact consumer demand for EVs. Counterintuitively, some clean-tech companies reacted by praising Mr. Trump. Battery Materials and Technology Coalition's Ben Steinberg said in a letter to Mr. Trump,
"We applaud your transition team's efforts on key issues important to driving energy dominance for the American people." BMTC hopes the EV supply chain's growth is generating enough jobs in construction and manufacturing to encourage Mr. Trump to act cautiously before eliminating key supporting legislation.
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