Goodyear Tire and Rubber Company has announced a $575 million investment to expand its plant in Napanee, Ontario, to produce tires for electric vehicles (EVs). The expansion, which will create 200 new jobs, is also supported by an additional $64 million from the Canadian federal government and the province of Ontario. The project is part of Canada's broader strategy to bolster its EV industry, which has seen significant investments in recent years.

Prime Minister Justin Trudeau’s government has been actively funding the auto sector’s transition to electric vehicles. Over the past four years, the private sector has invested $46 billion in battery production, EV manufacturing, and critical minerals mining across the country. Canada’s approach, which includes substantial subsidies, has successfully attracted major automotive companies such as Honda, Volkswagen, and Stellantis. This strategy mirrors the United States' Inflation Reduction Act, which provides various incentives for carbon-neutral projects.

During a press conference, Prime Minister Trudeau highlighted Canada’s key advantages, including its abundant clean energy, commitment to climate action, access to critical minerals, stable democratic institutions, strong trade relationships, and a skilled workforce. He emphasized that these factors make Canada an attractive destination for global companies.

Trudeau also mentioned that Goodyear’s expansion would lead to the production of an additional two million tires annually at the Napanee facility. “Companies from around the world are choosing Canada. Today’s announcement that Goodyear is modernizing its Napanee plant will create manufacturing jobs, grow our EV industry, and use modern technology to keep our air clean,” he said. “It’s another vote of confidence in Canada’s auto sector workers.”

The investment in Goodyear’s Ontario plant is a significant step in Canada’s ongoing efforts to establish itself as a leader in the global EV market. The expansion not only supports the country’s economic growth but also aligns with its environmental goals by promoting the production of eco-friendly products. The collaboration between Goodyear, the Canadian government, and the province of Ontario demonstrates a strong commitment to advancing the EV industry while ensuring the creation of new jobs and the development of sustainable technologies.

The Goodyear Tire & Rubber Company, based in Akron, Ohio, is an American multinational tire manufacturer. Goodyear produces tires for a wide range of vehicles, including passenger cars, aircraft, commercial trucks, military and police vehicles, motorcycles, RVs, race cars, and heavy off-road machinery. For over 125 years, Goodyear has been at the forefront of developing technologies and solutions that empower people to drive farther and faster. This innovative spirit keeps vehicles moving on all surfaces, from roads and racetracks to the skies and even the moon.