Brian Donaldson says company is concerned about developing its charging network too quickly ‘when the demand isn’t there’
Forecourt operator Maxol has warned that the slowdown in EV adoption among Irish motorists could negatively impact the roll-out of its own charging network.
“Planning delays and access to power capacity have been issues from day one, but now we are also concerned about developing our charging network too quickly, when the demand isn’t there,” Mr Donaldson said. Mr Donaldson forecasted an even stronger performance for 2024 following an investment programme of some €65 million during 2023/2024.
He said more than 40 per cent of Maxol’s gross profit now comes from non-fuel sales, “which is central to the repositioning of the company as a leading convenience retailer”.
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