More than 500 new fast and ultra-fast charging bays are set to be built across NSW to recharge electric vehicles (EVs) in just 15 minutes.
Treasurer and Minister for Energy Matt Kean announced the NSW Government is investing $39.4 million in the first round of Fast Charging Grants to co-fund 86 new fast and ultra-fast EV charging stations, each with four to 15 bays.
“This investment will see the largest, fastest and most comprehensive public EV charging network in Australia,” Mr Kean said.
“Each of these stations will contain a minimum of two ultra-fast EV charging bays of 350kW capacity, and two fast charging bays of 175kW, with some stations containing up to 15 bays.
“The ultra-fast chargers will be able to charge modern EVs from 20 per cent to 80 per cent in around 15 minutes and all stations will be fully powered with renewable energy.
Top Australian Brokers
- City Index - Aussie shares from $5 - Read our review
- Pepperstone - Trading education - Read our review
- IC Markets - Experienced and highly regulated - Read our review
- eToro - Social and copy trading platform - Read our review
“This is the first of an expected three funding rounds, with hundreds more stations set to be built over the coming years.”
The successful applicants from this round are Ampol, BP, Evie Networks, Tesla, the NRMA and Zeus Renewables.
All stations will be built over the next 24 months with a mix of highway and inner-city sites.
The NSW Government has a target to add approximately 250 fast and ultra-fast charging stations in total across NSW, ensuring chargers are no more than 5km apart in metropolitan areas and no more than 100km apart on major roads and highways across NSW.
The second round of co-funding is expected to open towards the end of this year.
