Chargefox EV charging network acquired by Australian Motoring Services

Electric vehicle charging business Chargefox has been acquired by Australian Motoring Services, a consortium of the country's biggest automotive clubs.

Under the banner of Australian Motoring Services (AMS), the group – which includes clubs such as the NRMA (New South Wales), RACV (Victoria), RACQ (Queensland), RAC (Western Australia), RAA (South Australia) and RACT (Australian Capital Territory) – has increased its stake in Chargefox to 100 per cent from 40 per cent, buying out the existing shares held by Jet Charge and Cogent.

Chargefox has reaffirmed its plans to undertake an aggressive strategy, which will result in more than 5000 plugs in operation by 2025 with 2000 of those to be fast and/or ultra-rapid chargers – a massive increase over its current network of 900 individual chargers.

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Reducing Australian transport emissions to zero remains as a critical target for Chargefox, with the company claiming it has "powered more than 14 million carbon-free kilometres and abated more than 4000 tonnes of CO2 (equivalent to more than 2 million kilos of coal burnt)" since its inception in 2017.

“The accelerated rollout of Chargefox’s network has broad-reaching benefits, as it allows for further local and long-distance EV travel, giving more Australian EV drivers better access to world-leading charging technology right across the country," said Chargefox CEO, Marty Andrews.

"The backing of such a strong, longstanding partner and their investment will help us to deliver on this.”

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AMS CEO Michael Reed believes Chargefox's aims align with the group's, leading to the increased investment.

"We are proud to play a role in supporting Chargefox’s growth," said Reed.

"We share a mutual goal to reduce road transport emissions to zero and support the growing community of EV drivers across the country,” said Mr Reed.

"We continue to see a large number of EVs on the road and the number of Australians who are considering purchasing an EV in the future is growing year on year.

"Combined, we’ll have greater power and opportunity to deliver infrastructure that Australians need to increase the uptake of EVs and therefore reduce road transport emissions."

In May this year, Chargefox increased its ultra-rapid (50kW to 350kW) charger fees, bumping up from 40 cents/kWh to 60c/kWh.