In May 2022, Melissa Chow, director of investments at the Canada Infrastructure Bank, reviewed a funding proposal from ZAP, a Canadian EV charging company aiming to install 2,000 public chargers nationwide. With national zero-emission vehicle targets looming, the deployment of reliable, accessible charging infrastructure had become urgent. Chow faced a decision: how should the CIB structure a deal to accelerate the buildout of EV charging networks while aligning with public policy goals, attracting private capital, and ensuring long-term impact?
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