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JOLT EV Charging Network

Sector(s)
Green Infrastructure
Location(s)
Across Canada
Participation
$194 million
(Financial Close)
Partner(s)
JOLT

Investment increases access to affordable electric vehicle (EV) chargers

Closing the urban electric vehicle (EV) charging gap by deploying curbside EV chargers

Fast facts

Installation of up to 1,500 new fast charging ports in urban centres
Up to 7kWh of free charging per car, per day
Alleviating EV user range anxiety and supporting more adoption

We are partnering with JOLT to enable the installation of up to 1,500 new curbside EV chargers in urban centres – ensuring convenient and affordable charging options for Canadians.

JOLT’s EV charging stations combine innovative technology with cost-effective, fast charging with each station providing up to 7 kWh of free, fast charging per car per day, or approximately 50 kilometres of driving range.

JOLT’s cost-effective and reliable EV charging network is supported by digital Out-of-Home advertising on premium screens integrated into its charging kiosks.

By providing loans towards the build-out of EV charging infrastructure, the CIB aims to alleviate consumer range anxiety, accelerate EV adoption and significantly reduce transportation sector emissions.

Benefits of the CIB’s involvement

The CIB is supporting Canadians’ need for accessible and convenient charging by investing in expanding EV charging infrastructure through the Charging and Hydrogen Refuelling Infrastructure Initiative (CHRI).

Investments under the CHRI Initiative address the barriers to large-scale private sector investment in this sector, including uncertainty in the rate and pace of EV adoption. The loan marks the CIB’s fourth CHRI investment and its third in EV charging infrastructure.

Learn more

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CIB and JOLT at a JOLT EV Charging Site in Richmond Hill, Ontario
Man charging his red car at a JOLT EV Charging Station in Richmond Hill, Ontario
Red car at a JOLT EV Charging Station in Richmond Hill, Ontario
JOLT

Curbside fast charging is critical to the transition to electric vehicles, and providing fast, free charging to those who do not have access to off street charging is JOLT’s goal for its expansion in Canada. JOLT’s partnership with the CIB is a testament to our shared commitment to innovation and sustainability. By expanding our EV charging infrastructure, we are making electric vehicle ownership more accessible and convenient for all Canadians.

Doug McNamee, Chief Executive Officer
Government of Canada

With loans to support JOLT’s expansion of 1,500 EV fast chargers in urban centres, the CIB aims to reduce range anxiety and accelerate EV adoption in order to reduce carbon emissions.

Hon. Nathaniel Erskine-Smith

Project videos