August 12, 2011, Sympatico.ca

Seed money will fund electric car charging development

The Ontario provincial government announced it would set aside an $80 million fund to channel seed money to public and private companies who want to develop electric car recharging facilities.

Premier Dalton McGuinty is hoping this will encourage companies to draft proposals to build and test rechharging docks, and also to expand the availability of rechargers in the province.

The move is part of the province's clean energy goals; other initiatives include a $5,000 to $8,500 rebate on electric cars and "green licence plates" to let EV drivers use HOV lanes.

JohnD