PUMPING UP INVESTMENT
The Government wants 64,000 electric vehicles on the road by 2023 as it pursues a zero carbon economy. It is even offering an $8,625 subsidy to people buying new electric cars in support of this goal. But fuel industry pundits say their sector is not yet dead and won’t be for at least another 20-plus years.
In the meantime, fossil fuel station owners and investors are adapting in a fast-changing environment. Many operators are reshaping their outlets through complementary retail and service offerings, while others are moving to no-frills, unmanned stations selling discounted fuel – the biggest recent change in the sector.
In the most recent large-scale sale of service
