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.
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