Ampol winds back plans to roll out electric car chargers due to “congested grid”, as profit takes a knock

20 August 2024, 11:29 am

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Ampol winds back plans to roll out electric car chargers due to “congested grid”, as profit takes a knock
Image: Drive
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Ampol winds back plans to roll out electric car chargers due to “congested grid”, as profit takes a knock
Image: Drive

AutoExec Summary
Ampol, a fuel station giant, has scaled back its plans to install 300 electric vehicle charging bays by the end of the year due to grid connection issues. CEO Matt Halliday stated that the company will not meet its goal, blaming difficulties accessing power lines in a congested grid. As a result, Ampol also reduced its interim dividend and reported a 29% decrease in net profit for the first half of the year. This decision comes shortly after announcing plans to add over 200 fast chargers with a government grant. The company currently has 92 charging bays, with more awaiting power connection.

Brands mentioned: Ampol

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