STATEMENT
November 5 2025
Building out Canada’s EV and advance battery supply chains will require a strong and resilient Canadian economy that can support business growth at home and trade persification abroad. We are pleased to see the Canada Strong Budget focused on supporting the Canadian economy in meeting these objectives.
Deploying a targeted critical minerals sovereign fund that can be used to support off-take agreements with Canadian critical minerals miners is an action consistent with Accelerate’s advocacy on building critical minerals production here in Canada. The Government of Canada must not be afraid to use this fund as the first money in to support our critical minerals miners and to further attract private capital.
Targeted tax measures, including expanded ITCs can support businesses throughout our emerging clean-tech supply chains. This is essential to provide downstream markets for our critical minerals and materials and increase the economic activity and innovation that will attract major global battery producers and OEMs.
Targeted measures to support trade persification and defence production also support our ZEV and battery production ambitions. Canada must view the trade and development of critical battery materials as a national security issue. We must support our allies in developing mutually beneficial battery production supply chains. This will benefit Canada’s economy and our defence posture.
