Jolt, a company specializing in building electric vehicle charging infrastructure, has taken on a loan with the Canadian government to build EV charging stations in urban communities across the country.

The company is borrowing $194 million from the Canada Infrastructure Bank (CIB) to enable it to install up to 1,500 new curbside EV chargers in urban centres in Canada.

“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,” said Jolt CEO Doug McNamee in a news release.

“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.”

Each Jolt charger provides up to 7 kWh of free fast-charging per car per day. Those first free 7 kWh of energy are enough for approximately 50 kilometres of driving range.

The CIB said the hope of this partnership with Jolt is to increase the quantity and availability of EV charging options to make EV ownership more accessible. The CIB also hopes to alleviate consumer range anxiety and accelerate EV adoption.

To date, the CIB has contributed approximately $650 million toward the deployment of 5,500 public fast-charging ports.

More information on Jolt is available at joltcharge.com.

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