Canada invests nearly $15M in EV chargers across the GTA

TORONTO — Federal investments totalling nearly $15 million will go towards the installation of more than 2,350 EV chargers, 2,100 of which will be installed across the Greater Toronto Area. This funding was provided to 32 organizations, including municipalities, multi-resident buildings (MURBs), private firms and utilities.

“We’re proud that the City of Toronto is helping to drive the transition to electric vehicles in the GTA. With nearly 35 percent of Toronto’s emissions coming from on-road transportation, switching to electric vehicles will be integral to helping the City of Toronto meet our goal of being net zero by 2040,” said John Tory, Mayor, City of Toronto. “Thank you to the federal government for joining the City of Toronto to invest in growing EV charging infrastructure.”

Since 2016, the Government of Canada has invested $1 billion to make EVs more affordable and chargers more accessible for Canadians and has approved funding to support the installation of more than 34,500 EV chargers to date.

In support of the government’s objective of adding 50,000 new zero-emission vehicle (ZEV) chargers to Canada’s network, Budget 2022 also provided an additional $900 million to Natural Resources Canada and the Canada Infrastructure Bank to continue deploying zero-emission vehicle infrastructure. Budget 2022 delivered an additional $1.7 billion to extend the government’s purchase incentive program until March 2025 and to expand the types of vehicle models eligible under the program, which would include more vans, trucks and SUVs.

Budget 2022 also provided up to nearly $4 billion over eight years for the implementation of the Canadian Critical Minerals Strategy, with the aim of advancing the development of critical minerals resources and value chains — including metals for clean technologies like electric vehicles and advanced batteries — to enable the transition to a low-carbon economy and support advanced technology and manufacturing.

The 2022 Fall Economic Statement included a refundable investment tax credit for clean technologies including industrial zero-emission vehicle charging and refuelling equipment, alongside support for clean energy generation and storage. The statement also included the creation of a Sustainable Jobs Training Centre and Secretariat, which will support thousands of workers in skills training and placements in the low-carbon economy.

“The federal contribution to the YMCA of Greater Toronto will help us install electric vehicle chargers at many of our charity’s community locations across the Greater Toronto Area and our YMCA Camp Pine Crest in Muskoka, giving thousands of community members convenient access to a low-carbon solution,” Alex Versluis, Senior VP, Property Management and Development, YMCA of Greater Toronto. “This funding illustrates the tangible steps we can take on community resiliency and climate change when we work together toward the same goal.”