Evie Networks, developers of a nationwide network of ultra-fast electric vehicle chargers, has received a major funding boost with a commitment of an additional $28M by its major shareholder, St Baker Energy Innovation Fund. Evie Networks is now the most heavily funded EV charging operator in Australia.
Announced shortly after Infrastructure Australia listed electric vehicle charging infrastructure as one of 29 High Priority Initiatives for Australia, the additional funding of Evie Networks will supercharge this nation-wide infrastructure rollout.
Infrastructure Australia’s report was the latest in a series of independent reports, including the recommendations of a Senate Select Committee, noting the lack of infrastructure as a major barrier to realising the benefits of electrifying Australia’s transportation system.
Evie Networks’ initial rollout is focused on highway coverage linking the major capital cities, which aligns with the findings of the recent Infrastructure Australia report. Deployment is well progressed, with the first site on track to be operational by mid-2019.
“Our initial network of 42 ultra-fast electric vehicle chargers, which is the largest highway rollout planned in Australia to date, will open the door to long distance travel for electric vehicles by making charging more accessible,” Evie Networks CEO Chris Mills said.
“In addition, installing ultra-fast chargers at these highway locations provides drivers a charging experience similar in duration to refuelling a conventional combustion engine car.
“While Australia waits for strong policy, the private sector is leading the way.”
“An extensive, accessible charging network is an essential ingredient in the sustained uptake of electric vehicles. This network will give confidence to the auto manufacturers to import electric vehicle models to Australia, and with greater model availability comes more affordable vehicles.
“Therefore, increasing the number of chargers around Australia will make lower-cost models more available and practical, and this is the key to encouraging people to make the switch.”
The St Baker Energy Innovation Fund founder Trevor St Baker said the EV industry had the potential to boost the Australian economy, enhance public health, and offer benefits to both consumers and businesses.
“A recent report by PricewaterhouseCoopers and the EV council has found the electrification of transport has potential to add $3 billion to GDP, create over 13,000 jobs and reduce emissions by 18 million tonnes,” Mr St Baker said.
“This future cannot be achieved without dedicated investment in education and infrastructure to advance our nation’s capabilities and spark forward-thinking change.
“We are preparing the next generation to drive this change, with the recent launch of the University of Queensland Tritium e-mobility fellowship. Tritium has achieved world recognition as a leader in EV fast charging development and manufacture, and this program will help to maintain this global leadership role in Australia, as well as accelerate awareness and progress in the industry.
“Clean energy is the future and is something that I expect Australians will embrace as we expand national EV charging facilities and infrastructure.”
To find out more about Evie Networks, visit their website at https://www.goevie.com.au/