The End of Petrol? Fuel Giant Buys EV Charging Network
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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Ampol Energy to buy Evie Networks for $225 million - Prime Mover Magazine
Ampol Energy Pty Ltd is to buy Evie Networks. Image: Ampol Limited.Ampol Limited subsidiary, Ampol Energy Pty Ltd has entered into a share sale agreement to acquire 100 per cent of Evie Networks for $225 million. The business is currently owned by Fast Cities Australia Pty Ltd which operates one of Australia’s leading public electric vehicle (EV) charging networks. The acquisition, which is subject to […]
The end of petrol? Fuel giant buys EV charging network
As petrol sales decline nationally, 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 c…
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