Green Economy London is excited to announce that the second release of funding for the EV Charger Incentive Program (EVIP) is back for 2023 and applications opened on January 23rd, 2023.
The EV Charger Incentive Program reimburses up to 50% of the total eligible project costs, which include EV chargers, licenses and permits, salary, and benefits related to implementing the project, rental or leasing costs, professional services such engineering, construction, and installation, and more. The total funding available is up to $100,000 per applicant.
This is a multi-year program that started in February 2022 and will be running until March 31, 2024 (with possibility of extension). Through the funds provided by NRCan and TD Bank, the goal is to distribute $3.4 million in total incentives. In 2022, $1.7M was distributed to install 274 EV charging stations at 43 different organizations across Canada.
Any legally incorporated or registered for-profit or not-for-profit organization in Canada can apply to install new EV chargers that increase charging capacity in: public places, multi-unit residential buildings, workplaces, light-duty vehicle fleets, and on the street.
Applications for organizations led by Underrepresented Groups will be reviewed January 23rd through March 8, 2023. These groups include, but are not limited to, those that self-identify as women, 2SLGBTQ+, Indigenous peoples, racialized peoples, youth (under 30 years old), and persons with disabilities. After this priority application window closes, applications will be revived on a first come, first-service basis. Completing an application early allows it to be placed into the queue.
Steps to Receive Funding:
- Read the Application Guide and gather documents.
- Complete the Application Form
- Get approved for funding and sign an agreement.
- Install the EV chargers within 8 months.
- Submit documentation to receive the rebate - documentation is to be submitted by December 31st, 2023.
The Benefits of EV Chargers:
Generate revenue - EV Charging stations can increase your property value and can generate money through service fees. It can encourage customers to visit locations/businesses and stay longer to purchase goods and services while waiting for their electric vehicle to charge.
Raise public profile - Charging stations provide a visible symbol of interest and commitment to sustainability. The EC charger location is put on a map to help people search for charging locations.
Reduce carbon emissions - 25% of Canada’s GHG emissions come from transportation. EV
chargers help reduce those emissions by supporting EV adoption among customers, employees, and the public.
Get ahead of the curve - The federal government has mandated that all light-duty vehicles sold in Canada will be zero-emissions by 2035. Installing EV chargers will prepare businesses and organizations for the future and be in the position to gain the benefits from a growing public demand for EV charging locations.
Accelerate Canada’s low-carbon transition - A barrier to the widespread adoption of EVs is the lack of access to charging stations. Installing an EV charger will help accelerate action on climate change by making EV adoption more accessible.
Together, we’re proving that a more sustainable economy is possible. Green Economy London is a business sustainability program that helps businesses improve their sustainability practices and lower their environmental impacts. View our blog post to learn more about the EV Charger Incentive Program and read about our members taking advantage of this funding opportunity and installing chargers last year.
Read Full Media Release below:
For more information, please contact:
Kaitlin Creighton, Hub Manager
firstname.lastname@example.org, (289) 400-3713