Ampol’s A$225m Evie Networks buy reshapes Australia’s charging map

Australian fuel retailer Ampol has agreed to acquire electric vehicle charging company Evie Networks for A$225 million, announced October 1, 2026. Ampol’s unit Ampol Energy will acquire 100% of Fast Cities Australia Pty Ltd — which operates as Evie Networks — in a share sale agreement.

The arithmetic: Evie’s more than 1,030 DC fast-charging bays join Ampol’s network for a combined platform of approximately 1,425 charging bays nationally across more than 400 sites. On completion, the combined AmpCharge and Evie network is expected to become one of Australia’s largest public EV charging platforms.

For Ampol, EV charging is ultimately a question of disciplined investment at the right time.Matt Halliday, Managing Director and CEO of Ampol, on the acquisition

The deal is subject to clearance by the Australian Competition and Consumer Commission and is expected to complete in the first half of 2027. The combined business is expected to reach annualised earnings before interest, taxes, depreciation and amortisation of A$30 million, including synergies, within three years of completion. Until then, Ampol and Evie continue to operate independently.

The timing follows a genuine milestone in the Australian market: electric vehicles exceeded 20% of new cars sold on average over the previous five months, and in August reached a record 24.9% of new passenger vehicle sales — outselling petrol and diesel models for the first time. Demand on Ampol’s own network is climbing with it: AmpCharge sessions rose 116% in the first half of 2026, with energy supplied up 120%.

The broader pattern is consolidation: fuel retailers buying the charging networks rather than building from scratch. Ampol’s bet is that Evie’s well-located sites, long-term tenure and established grid connections become more valuable as battery-electric adoption accelerates — the same logic behind every fuel major’s charging acquisition this decade.