Although it took a little longer than expected, Tesla Motors (NASDAQ:TSLA) has taken the first big step into crafting Canada into a more viable market for its electric cars by opening their first Supercharging station in the nation.
"We are pleased to announce the first Canadian Supercharger Station in Squamish, BC is now open. This is an important milestone and we could not have done it without the help of our owners and supporters."-Tesla Motors statement.
While Canada is not the largest of markets for Tesla (about 350 Model S sedans have been registered there in first 6 months of the year), a smartly placed Supercharging network would go a long way in helping the company augment North American sales in the second half of 2014 and into next year.
Tesla adds the following to the Canadian Supercharger discussion:
We continue to push forward to ensure that the major Canadian routes on our 2014 map are enabled as quickly as possible.
The heart of the Canadian population based out of Toronto, Ontario will see their first Supercharging station open later this month.
More details specific to Canadian Supercharging network plans from Tesla:
- Eastern Canada:
Priority routes: Toronto – Montreal, Montreal – Quebec City, Toronto – North Bay (via Barrie)
Our first site in Toronto will break ground in July, and we'll push this through construction as fast as possible.
Cornwall, ON is on schedule to break ground shortly thereafter. Other sites will open throughout the Summer depending on permit and utility company timing.
- Western Canada:
Priority routes: Vancouver – Whistler, Vancouver – Banff, Calgary – Edmonton
Squamish, BC, our first Canadian Supercharger site, is now open.
Hope, BC is poised to move quickly, pending utility company support. Other sites will open throughout the Summer depending on permit and utility company timing.
Target sites have been selected for the remaining 4 sites along the Western Canada routes and we are now into the utility and site design phase.
So, more Superchargers (approximately 14) are coming to Canada soon/by end of 2014 (pending clam corporate and regulatory waters).
InsideEVs and Eric Loveday have no position in any stocks mentioned. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.