Ampol buys Evie EV charging network

As petrol sales decline in Australia, a major fuel retailer has acquired one of Australia’s biggest electric vehicle (EV) charging networks.

Ampol will buy the Evie charging network for $225 million dollars, adding over 1000 EV charging bays to bring Ampol’s network to a total of 1425 chargers across 400 sites.

In a statement, Ampol noted EV uptake had reached "a new stage of adoption" in Australia, with CEO Matt Halliday saying the company was closely monitoring the EV market.

"For Ampol, EV charging is ultimately a question of disciplined investment at the right time. That means closely monitoring customer behaviour, EV uptake, site economics, grid connections and the broader charging network to ensure our capital is deployed where it can create the greatest value," Halliday said.

Full story Iconic servo chain spends on electric, as petrol sales dry up