What the Inflation Reduction Act Could Mean For the Canadian Automotive Industry

August 22, 2022
By CSE

The IRA will allow Canadian workers to capitalize on the growing clean economy through new opportunities, specifically in the automotive industry.

 

Last week, the Inflation Reduction Act (IRA) was signed into legislation by President Biden of The United States. Said to create over 900,000 jobs in the next 10 years for the clean manufacturing sector alone, it priorities shifting away from polluting energy sources. The IRA features incentives involving clean manufacturing tax credits and clean vehicle manufacturing grants and loans.

 

With this raises the question, how will Canada, specifically the job market in the transition to a net-zero economy, be affected by the United States’ IRA? In short, the IRA will allow Canadian workers to capitalize on the growing clean economy through new opportunities, specifically in the automotive industry. Through diplomatic negotiations between the two countries, Canada has been recognized as a key partner and has access to the electric vehicle incentives named in the legislation. Meaning, Canadian produced/manufactured materials and products are eligible for the full $7,500 electric vehicle rebate. 

 

In anticipation of this, preparation by automakers has already ensued. Automotive supply chains are being deconstructed and reconstructed. Billions of dollars in investments are being made to aid in the transition to electric vehicle manufacturing. With industry expansion comes opportunity. There will be a creation of new roles to be filled and the automotive labor force will grow substantially. Jobs will be created to support the evolution of the electric vehicle auto industry. 

 

Business leaders in corporate responsibility, sustainability, ESG, communications, marketing, and investors’ relations are registered in the upcoming Digital Certified Sustainability (ESG) Practitioner Program this October, in order to become certified and recognized as Sustainability ESG Practitioners by CSE, CPD and the Chartered Management Institute (CMI).

 

The digital program incorporates three live sessions, facilitated by global Lead Trainers and Thought Leaders. The course combines online learning with an interactive, live instruction and breakout sessions. The three-day live sessions complement the digital coursework, which includes multiple modules, sector specific webinars, case studies, videos and opportunities to interact with CSE trainers.

 

This program of high demand takes place as an online live session and is uniquely designed for C-Suite Executives from leading North America Corporations, looking for the best way to develop a successful sustainability (ESG) strategy, improve Branding and ESG ratings, reduce stakeholder related risks, maximize financial performance, and become Certified Sustainability ESG Practitioners by the most qualified training provider in the field of ESG and sustainability!

 

During the Leadership Version of the Certified Sustainability ESG Practitioner Program, attendees will learn how to apply corporate sustainability ESG strategy and maximize the use of reporting tools in order to facilitate meeting US, EU and other global legislation. 

 

For more information, please contact [email protected]

 

>> Claim your discount today!

 


Upcoming Programs: Certified Sustainability (ESG) Practitioner Program, Leadership Edition 2022.

         
 Location: Digital Date: October 27, 28 & 31
           Sign Up: Certified Sustainability (ESG) Practitioner Program, Leadership Edition
           For more information & discounts contact us at [email protected]

 

 


Related Sustainability Articles

 

green world past vs future
Companies committing to net-zero emissions hit new record

 

Organizations that trust us