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Provincial funding available for electric vehicle developers

By Richmond Sentinel

Published 12:45 PDT, Thu July 9, 2020

BC companies developing new technologies in the electric vehicle sector can apply for funding under the CleanBC Advanced Research and Commercialization program.

The program supports the growth of the electric vehicle sector by providing targeted funding for the research and development, demonstration and commercialization of made-in-BC technologies, services and products. New funding totals $4.18 million.

“Through CleanBC, we are building a low-carbon economy and creating new jobs and opportunities across the province,” said Energy Minister Bruce Ralston. “By supporting innovative companies, we can develop and produce made-in-BC clean technologies, and be a global leader in the growing electric vehicle sector.”

The electric vehicle sector includes companies across all aspects of the supply chain—from raw materials to final consumer products—related to vehicles and vehicle components, batteries and fuel cells, charging stations and other technologies. The sector includes an estimated 250 companies in BC that provide 6,000 full-time equivalent jobs and contribute $600 million to the provincial gross domestic product.

Funding submissions to the program will be reviewed by a panel that includes experts from the Province, local and federal governments and BC post-secondary institutions.

To learn more about the Advanced Research and Commercialization program: https://arcbc.ca

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