Electric Vehicle Charging Partnership Opportunity

Despite this progress, Toronto remains materially undeveloped versus its North American peers. The Toronto Parking Authority plans to address this situation over the next five years. To bring our vision closer to reality, Management has been purposeful in securing strategic partners to co-create a best-in-class Electric Vehicle eco-system that will accelerate Toronto's transformation to net zero while facilitating Electric Vehicle adoption across Toronto in a customer centric fashion. These partnerships will elevate Toronto Parking Authority's operational capabilities, customer engagement, and sustainable financial performance. This approach will facilitate access to incremental revenue streams and in-kind contributions to offset operating and capital costs. Concurrently, these partnerships also provide access to enhanced consumer insights, leading edge digital capabilities and best-in-class thought leadership in mobility, marketing and brand building. An Expression of Interest (EOI) was released on March 31, 2023, with an invitation for proposals to develop a strategic partnership for the continued acceleration of Toronto Parking Authority's Electric Vehicle Charging Network Program. Responses to the Expression of Interest were due no later than November 10, 2023. The purpose of this report is to present the Board with an update on the Electric Vehicle Charging Network Partnership opportunity that Toronto Parking Authority released through the Expression of Interest process. Details about this opportunity will be provided through a presentation to the Board, which will require a closed-session discussion as it relates to a position to be applied to negotiations being carried out by Toronto Parking Authority.