Howard Plumb sustained head injuries in the crash with a Honda Jazz in Knight's Hill, Charlton, on 5 July 2014.
Mr Plumb, 42, was airlifted to London's St George's Hospital but died later.
Bo Christer Lundmark, 54, of Blakullevagen, Umea, Sweden has been summonsed to appear at Worthing Magistrates' Court on 29 January.
Mr Plumb, of Emsworth, Hampshire, represented Great Britain at the 1996 Atlanta Olympics and had numerous national, world and European championship titles.
He was a member of the i-Team Cycling Club and competed at events including the Tour of Wessex, the End to End on the Isle of Man and raced in France, Italy and Belgium.
Sussex Police said Mr Lundmark, who is a computer consultant, would be charged with causing death by careless driving when he appeared in court.
A man is to face a charge of causing the death by careless driving of an Olympic windsurfer who was killed while cycling in West Sussex.