45-year-old George Largent faces changes of hit and run, vehicular assault, and reckless driving.
Canon City police chief Dan Shull says officers recovered a vehicle thought to have been involved in the hit and run accident on his property last night.
An arrest warrant for the owner was being sought Tuesday night.
Sixteen-year old girl Megan Terrill was injured in the accident. She remains in a Pueblo hospital in critical condition.
Shull says a tip brought officers' attention to a residence in western Fremont County where they served a search warrant and impounded a Chevrolet Suburban vehicle. Shull says the Colorado Bureau of Investigation has been on the scene looking for evidence.