The Canada Infrastructure Bank (CIB) and JOLT have entered into a $194 million loan agreement aimed at expanding JOLT’s electric vehicle (EV) charging network across Canada. The investment will facilitate the installation of up to 1,500 new curbside EV chargers in urban centres, providing Canadians with more accessible and convenient charging options.
The expansion is part of the CIB’s ongoing efforts to increase the availability of electric vehicle charging infrastructure, helping to make EV ownership more feasible and attractive.
Innovative and Fast Charging Technology
JOLT’s charging stations combine cutting-edge technology with affordable, fast charging, ensuring a reliable user experience. Each station offers up to 7 kWh of free, fast charging per car per day—equivalent to approximately 50 kilometres of driving range.
“We are supporting Canadians’ need for accessible and convenient charging points in urban centres,” said Ehren Cory, CEO of the Canada Infrastructure Bank. “Our strategic partnership with JOLT highlights a commitment to supporting the deployment of innovative technology which will create jobs and remove a potential barrier to EV adoption.”
A Shared Commitment to Sustainability and Innovation
The partnership between the CIB and JOLT supports the shared goal of making EV ownership more accessible by expanding the charging infrastructure. JOLT aims to address the critical need for curbside fast charging, particularly for those who lack access to off-street charging.
“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,” stated Doug McNamee, CEO of JOLT. “This 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.”
CIB’s Commitment to Accelerating EV Adoption
The CIB is focused on reducing consumer range anxiety and accelerating EV adoption across Canada. Through its Charging and Hydrogen Refuelling Infrastructure Initiative (CHRI), the CIB collaborates with leading EV charging network owners and operators to speed up the large-scale rollout of charging infrastructure.
This project represents the CIB’s fourth investment under the CHRI initiative and its third investment in EV charging infrastructure. To date, the CIB has invested approximately $650 million, enabling the deployment of approximately 5,500 public fast charging ports.
Supporting the Transition to a Cleaner Future
“The loans provided to support JOLT’s expansion of 1,500 EV fast chargers in urban centres aim to reduce range anxiety and accelerate EV adoption, ultimately contributing to the reduction of carbon emissions,” said Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities.
With this new partnership, the CIB and JOLT are playing a key role in Canada’s transition to a more sustainable transportation future, making EV charging more accessible to urban residents and contributing to the country’s broader environmental goals.
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