A $100 million investment from the Federal Government will enable Ampol to roll out 200 new public EV chargers as well as invest in its renewable fuels program.
The investment, through the Clean Energy Finance Corporation (CEFC), comes as the number of EVs in Australia has more than doubled in 2023 year-on-year and made up about eight per cent of new car sales in May 2024.
Chris Bowed, Minister for Climate Change and Energy, said the CEFC investment is delivering more fast EV charging for Australia’s booming EV fleet.
“There are more than 200,000 EVs on our roads, with more and more choice of affordable to buy and run EVs coming into the market.
“With more Australians opting for cheaper-to-run EVs we need to make sure we’re keeping up with demand for charging. We’ve already seen growth in EV charging locations from 464 in December 2022 to around 900 at the beginning of 2024.”
Ian Learmonth, CEO of CEFC, said established fuel players have a significant role to play in the transition to cleaner alternative fuels.
“By harnessing Ampol’s extensive critical infrastructure, including service stations, liquid fuel storage and distribution, as well as its supply chain connections to the marine, agriculture, mining and aviation sectors, this investment will demonstrate how fuel companies can be a part of the solution to the transport emissions challenge.”
Ampol will also direct some of the finance to support its renewable fuels programs, including the recently announced feasibility study into a significant renewable fuels production facility at Ampol’s Lytton Refinery in Brisbane, for production of low carbon liquid fuels including Sustainable Aviation Fuel (SAF) and renewable diesel.
Matt Halliday, Managing Director and CEO of Ampol, said the company is proud to be working with the CEFC to deliver solutions that will support the energy transition of its customers.
“Ampol’s rich history is cemented in supporting Australia’s diverse transport network and we are committed to working with the Government, our partners and our customers to invest in solutions for the energy transition that lies ahead for us all.”
To stay up to date on the latest industry headlines, sign up to the C&I e-newsletter.