Project Arrow: Future All-Canadian EV Gets More Public Funding
The Automotive Parts Manufacturers’ Association’s (APMA) Project Arrow, an all-Canadian engineered, supplied and built electric vehicle concept that could be ready by mid-decade, is getting some additional public funding.
The Government of Quebec will allocate $1.4 million over 18 months to small- and medium-sized businesses that make connected or autonomous zero-emission automotive components and systems, including those looking to get involved with Project Arrow.
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This comes just a couple of months after Ottawa announced it would contribute $5 million toward the all-electric compact SUV’s development.
Companies interested in getting their share of the Quebec government’s financial aid must apply before October 31, 2021 at 11:59 p.m. They will receive no more than $350,000 each, or a quarter of the total amount available.
Named after the all-Canadian-made Avro Arrow interceptor aircraft from the 1950s, which never went beyond the prototype stage, Project Arrow will hopefully enjoy more success.
“The future of clean, connected mobility goes through Quebec,” said Flavio Volpe, APMA President. “Its leadership in technology, natural resources and infrastructure will serve Canada’s future well and it is an honour to partner with them to bring the country’s preeminent ZEV demonstration project to life.”
To this day, more than 400 APMA members and outside firms have signed up to participate in Project Arrow, including about 30-40 from Quebec, Volpe indicated.
A completed, functional concept should be introduced by the end of 2022. The goal is to attract one or several domestic investors willing to build the Arrow for mass-market sales beginning sometime between 2023 and 2025.
You can visit projectarrow.ca to learn more.