Three electric vehicle companies ready to move south out of Canada

Tamarack Lake Electric Boat Company, Electrovaya and a "firm that is developing electric ice resurfacing machines" are three electric vehicle companies that have moved (or are planning to move) from Ontario, Canada to New York State thanks to big incentives from New York State Energy Research Development Authority (NYSERDA).

According to CBC News, Tamarack Lake will get half a million dollars (I'm not sure if this is U.S. or Canadian money, but the two are fairly equal in value right now anyway) to build 1,200 boats in Rome, New York by 2012. NYSERDA is using "innovation funding" to lure the companies. Back across the border, Ontario's Innovation Ministry will set up a $175-million venture capital fund that will attempt to help companies in the province. That money comes too late for the three EV makers. No mention was made in the article about Zenn, the EV company based in Toronto.

[Source: CBC, h/t to Domenick]

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