Ampol expands EV charging network with $225 million buyout of Evie Networks

Ampol Limited subsidiary Ampol Energy has entered into a share sale agreement to buy for $225 million (USD 155 million), 100% of Fast Cities Australia trading as Evie Networks, which operates a public electric vehicle (EV) charging network Australia-wide.

Subject to clearance by the Australian Competition and Consumer Commission (ACCC) the deal will add more than 1,030 EV charging bays to Ampol’s AmpCharge network servicing a total 1,425 bays nationally at over 400 sites.

Ampol Managing Director and Chief Executive Officer Matt Halliday said the acquisition positions Ampol to capture growth as EV uptake grows.

“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.

“Evie’s high quality, attractive long-term tenure sites with established grid connections and some with expansion capacity, provides Ampol with an opportunity to grow its charging footprint at scale and at pace.”

Describing public charging infrastructure as a precondition for broad EV adoption, Halliday added, it is particularly acute in a country the size of Australia, where long distances between charging locations can contribute to ‘range anxiety’ and deter motorists from purchasing an EV.

“Within the AmpCharge network, utilisation has increased year on year, with charging sessions increasing 116% and energy supplied increasing 120% in the first half of 2026,” Hally said.

“This gives us confidence in the strength of the business case that compliments our traditional fuels business.”

Ampol and Evie will continue to operate independently until such time as regulatory approval is obtained and the acquisition completes.