With or without Tesla, Canada's EV charging industry foresees 'massive growth'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 69 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 63%

Tesla News

Canada,Travis Allan,Charging Equipment

The company's share of Canada's EV charging market is lower than in the U.S., but uncertainty around its Supercharger division could still have an impact.

Tesla's 2,000-plus DC fast chargers — which can bring an EV battery to 80 per cent full in around 20 minutes — make up about 40 per cent of the Canadian total. Industry leaders In Canada say a more diverse pool of EV infrastructure players compared with the U.S. means recent chaos around Tesla’s Supercharger network should have a smaller impact.

In the U.S., the effects of any unexpected moves by Tesla could be profound because the company has around a 60 per cent share of the public charging market, says Amaiya Khardenavis, an analyst at Wood Mackenzie who specializes in EV charging infrastructure. But a broader field of established players in Canada means Tesla’s share at 42 per cent is lower and the situation somewhat less precarious, Khardenavis says.

To get around what Khardenavis calls the “punishing economics of fast-charging ownership,” the Canadian Infrastructure Bank rolled out the Charging and Hydrogen Refuelling Infrastructure Initiative in 2022, which offers financing with repayments pegged to usage, not time. FLO has committed to building 1,900 ultra-fast chargers by 2027 under a $220-million CIB investment. Another $210-million investment will see fuel retailer Parkland add as many as 2,000 chargers across Canada.

WASHINGTON — An anti-abortion activist who led others on an invasion and blockade of a reproductive health clinic in the nation's capital was sentenced on Tuesday to nearly five years in prison. Lauren Handy, 30, was among several people convicted of federal civil rights offenses for blockading access to the Washington Surgi-Clinic on Oct. 22, 2020. Police found five fetuses at Handy's home in Washington after she was indicted.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

With or without Tesla, Canada's EV charging industry sees 'massive growth'The company's share of Canada's EV charging market is lower than in the U.S., but uncertainty around its Supercharger division could still have an impact.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Hazard ahead: Are cuts at Tesla a warning sign for the EV market in Canada?Tesla has hit a series of roadblocks, including increased competition and declining sales. The company announced Monday it is slashing 10 per cent of its global workforce.
Source: CTVNews - 🏆 1. / 99 Read more »