Australian fuel retailing giant Ampol says delays in getting grid connections continues to hold up the rollout of its electric vehicle fast charging network, and it won’t reach its targeted 300 charging bays until 2025.
The company had flagged the issue in last year’s annual report, when it fell well short of its target of 180 EV charging bays by the end of 2023. And, just a few weeks after landing a new funding deal from the federal government through the Clean Energy Finance Corporation (CEFC), it appears the problem has not been resolved.
“The progress of the EV fast charging network development is slower than we expected, given the difficulties in connecting to the grid in Australia in particular,” Ampol CEO Matt Halliday told investors on a conference call to discuss its interim results for the 2024 calendar year.
“We have a pipeline of approximately 100 bays that are either awaiting grid connection, or under construction,” he said. “This provides some window into the challenges of delivering the enabling infrastructure to support the transition.”
Full story Fuel giant Ampol says delays in grid connections hold up rollout of EV fast-chargers (thedriven.io)
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