Canada invests CAD 4.6m in coast-to-coast EV charging network

EV charging. Author: NCDOTcommunications.

July 12 (Renewables Now) - Canada’s ministry of natural resources announced an investment of CAD 4.6 million (USD 3.5m/EUR 3.1m) in support of the construction of a coast-to-coast fast-charging network for electric vehicles (EVs).

Per the announcement on Thursday, the funds will go for 92 EV fast chargers at stations of Canadian oil-and-gas company Petro-Canada. One station in Stewiacke, Nova Scotia, has already been completed.

The ministry said that more than 50 Petro-Canada locations would feature two charging units on site.

The initiative is part of the Canadian government’s plan to invest CAD 182.5 million in a coast-to-coast charging network for EVs and other zero- and low-carbon projects. This year will see more than 500 fast charging stations built or in the works, with hundreds more expected over the next two years.

A further CAD 130 million in the 2019 budget is being allocated for charging infrastructure, and the government offering a new incentive of up to CAD 5,000 for Canadians who buy or lease a zero-emission vehicle.

(CAD 1.0 = USD 0.77/EUR 0.68)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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