Ampol buys huge Australian EV charging network in $225m deal
Fuel giant Ampol has agreed to acquire Evie Networks for $225 million, creating Australia's largest electric vehicle charging network. This move comes as EV adoption in Australia accelerates, driven by both the availability of affordable models and rising fuel costs.
Why it matters
The consolidation of charging infrastructure by traditional energy companies signals a major shift in the automotive and energy sectors.
— 3:49pm , first published 10:42am
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Share A A A Fuel giant Ampol has struck a deal to acquire one of Australia’s most extensive electric-vehicle charging networks, a move that will more than triple the number of charging bays it owns just as local sales of battery-powered cars surge to record highs.
Ampol, which runs hundreds of petrol stations around the nation and the Lytton oil refinery in Brisbane, said today that it had agreed to acquire 100 per cent of Evie Networks for $225 million.
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