Strong GHG emissions standard could yield Canada a 21 billion dollar charging infrastructure investment, new brief says
By Eve
The Canadian Charging Infrastructure Council predicts Canada could see 21 billion dollars in EV charging infrastructure investment if the federal government sets a stringent greenhouse gas emission standard of 59 grams per mile by 2035 for light duty vehicles, according to a new policy brief authored by Sharabura EV Infrastructure Advisors. A less stringent target of 115 grams per mile by 2032 would reduce the investment opportunity to 14 billion dollars. Environment and Climate Change Canada has not yet released a decision timeline on which standard it will adopt.
Why it matters: The policy choice between two GHG standards represents a 7 billion dollar difference in charging infrastructure investment, directly affecting the scale of procurement opportunities for charge point operators and contractors across Canada. Either scenario would rank as one of the largest infrastructure projects in the country, shaping the competitive landscape for the next decade.