$4.18 million in new funding for EV tech through B.C. ARC program
By Anthony Capkun
July 11, 2020 – B.C. companies that are developing new technologies in the electric vehicle (EV) sector can apply for $4.18 million in new funding under the CleanBC Advanced Research & Commercialization (ARC) program, which provides targeted funding for R&D, demonstration and commercialization of made-in-B.C. technologies, services and products.
“By supporting innovative companies, we can develop and produce made-in-B.C. clean technologies, and be a global leader in the growing electric vehicle sector,” said Bruce Ralston, Minister of Energy, Mines and Petroleum Resources.
The EV sector includes companies across all aspects of the EV supply chain—from raw materials to final consumer products—related to EVs and EV components, batteries and fuel cells, charging stations and more. The sector includes an estimated 250 companies in B.C.
Funding submissions to the ARC program will be reviewed by a panel that includes “experts from the province, local and federal governments, and B.C. post-secondary institutions”.
Created in 2018, the ARC program provides funding to B.C. companies across all aspects of the EV supply chain. The program awarded $1.19 million to five approved projects last year.