Insights

Tritium is making news again, but do any ASX shares have exposure to EV charging stations?

More electric vehicles will likely mean more charging stations. Here are the ASX shares building EV charging stations.
The post Tritium is making news again, but do any ASX shares have exposure to EV charging stations? appeared first on The Motley Fool Australia. –

The CEO of Brisbane-based Tritium has voiced her belief that electric vehicles (EVs) will soon be cheaper than internal combustion cars in the next 4 years. But ASX fans might be disappointed to learn the company producing EV charging stations isn’t listed on the ASX.

Tritium’s CEO Jane Hunter told the Australian Financial Review‘s Infrastructure Summit that the cost of EVs is largely dependent on the cost of batteries and the cost of batteries is dropping.

Additionally, according to reporting by The Australian, the Federal Government’s Future Fuels strategy – set to be released today – will herald the creation of a network of EV charging stations. In fact, it will reportedly see $250 million put towards the cause.

So, putting two and two together, Australia might see a boom in the number of new EVs hitting our streets soon. It follows we’ll also need plenty of EV charging stations.

While ASX investors won’t be buying shares in Tritium any time soon, there are a few companies working in the field that are listed – or approaching a listing – on the ASX.  

Let’s take a look at which ASX shares have exposure to EV charging stations.

ASX stocks exposed to EV charging stations

Tritium isn’t expected to make a home on the ASX, but there are 2 stocks market watchers might want to keep an eye on.

Ampol Ltd (ASX: ALD)

The fuel retailer might not be the first ASX stock market watchers think of when seeking stocks affiliated with EV charging. Though, the company is getting started in the space.

Ampol has recently partnered with the Australian Renewable Energy Agency (ARENA) to build a network of EV fast-charging stations.

Under the partnership, Ampol will be equipping more than 100 of its service stations with EV charging stations.

The company is also collaborating with Tesla Inc (NASDAQ: TSLA) to install Tesla Powerwall battery systems at some of its service stations in Adelaide.

Right now, the Ampol share price is $31.69, 0.35% lower than it was at the end of yesterday’s session.

Rectifier Technologies Limited (ASX: RFT)

This ASX-listed microcap is producing and selling EV charging stations.

The company has historically worked to create power conversion products. It currently produces a number of power modules suitable for EV charging.

However, perhaps more excitingly, it’s in the process of releasing both an EV charger and a bi-directional EV charger.

Rectifier is having a great day on the ASX on Tuesday. At the time of writing, its share price is 4.6 cents, 28% higher than its previous close.

Honourable mention: Bell Resources

While still a way off ASX listing, Bell Resources operates Bell Hub, a company focused on building EV charging stations.

Bell Hub is planning to operate a network of “ultra-fast” charging stations, available for public use alongside car washing facilities.

The parent company also houses a green energy branch – focusing on solar – and a lithium-ion battery research and development branch.

According to Bell Resources’ website, the company is planning to conduct an initial public offering (IPO) on the ASX.

The post Tritium is making news again, but do any ASX shares have exposure to EV charging stations? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Rectifier Technology right now?

Before you consider Rectifier Technology, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rectifier Technology wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

The top performing ASX 200 energy shares in October unmasked

Here are 3 ASX shares insiders have been buying recently

ASX 200 (ASX:XJO) midday update: Crown and Pilbara Minerals surge higher

Ampol (ASX:ALD) share price higher following Q3 update

What this top broker is saying about the Ampol (ASX:ALD) share price

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.  The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!