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Electric Charge: Petrol Giant Plugs $225m Into EV Deal
The purchase will add more than 1,000 charging bays and lift Ampol’s network to 1,425 bays across more than 400 sites.
- On Thursday, fuel retailer Ampol announced it agreed to acquire 100 per cent of Evie Networks for $225 million, expanding its footprint in Australia's public electric vehicle charging market.
- Surging EV adoption, now exceeding 25 per cent of new car sales in Australia, prompted the acquisition as retailers face mounting pressure to scale fast-charging infrastructure rapidly.
- The acquisition adds more than 1,000 charging bays to Ampol's AmpCharge network, creating a combined platform of about 1,425 bays across more than 400 sites. Evie Charging chief executive Chris Mills said locations were built with expansion capacity.
- Pending Australian Competition and Consumer Commission approval, the deal is expected to complete in the first half of 2027, with the combined business targeting A$30 million in annualised earnings within three years.
- Ampol managing director Matt Halliday said the acquisition positions the company to "capture growth" as charging demand surges, solidifying its standing alongside Tesla and Chargefox as a leading public charging operator.
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Sydney Morning Herald+3 Reposted by 3 other sources
Ampol buys huge Australian EV charging network in $225m deal
Fuel giant Ampol has struck a deal to acquire Evie, 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.
·North Sydney, Australia
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Ampol inks deal to acquire Evie EV charging network
Ampol Energy has signed an agreement to acquire 100% of Evie Networks, operator of one of Australia’s leading public electric vehicle (EV) charging networks, for $225 million. The acquisition is […] The post Ampol inks deal to acquire Evie EV charging network appeared first on Energy Source & Distribution.
Coverage Details
Total News Sources12
Leaning Left4Leaning Right2Center3Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 33%
R 22%
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