Investment increases public access to fast electric vehicle (EV) chargers
Fast facts
We are collaborating with FLO, a leading North American electric vehicle (EV) charging network operator and provider, to enable the installation of approximately 2,000 public fast charging ports. FLO’s expanded network will be installed within four years at approximately 400 sites across Canada, including in areas currently underserved by EV chargers.
FLO will collaborate with site hosts to install the chargers along qualifying transportation corridors and in urban and suburban communities with populations greater than 20,000.
Benefits of CIB’s Involvement
An investment under the Charging and Hydrogen Refuelling Infrastructure (CHRI) Initiative addresses the barriers to large-scale private sector investment in this sector, including uncertainty in the rate and pace EV adoption.
By accelerating and expanding the private sector’s rollout of charging infrastructure, the partnership accelerates EV adoption and reduces transportation sector greenhouse gas emissions.