EVgo Races Ahead on NACS With Nearly 100 Stalls Live Today, Hundreds More Coming in 2026
EVgo (NASDAQ: EVGO) announced an accelerated roll-out of NACS connectors after a 2025 pilot that installed nearly 100 NACS connectors across 22 metropolitan areas.
Rhea-AI Summary
EVgo (NASDAQ: EVGO) announced an accelerated roll-out of NACS connectors after a 2025 pilot that installed nearly 100 NACS connectors across 22 metropolitan areas. The company plans to deploy more than 500 NACS connectors by the end of 2026, expand NACS availability to 25+ states by year-end, and add stalls in key markets including Austin, Houston, Las Vegas, Orlando, Phoenix, Chicago, Dallas, Detroit and San Francisco. Most sites will start with 2–4 NACS connectors and can expand as demand grows. EVgo highlighted Autocharge+ compatibility for NACS and CCS drivers, noting the feature enabled over 5 million sessions on its network since 2022. EVgo cites industry adoption forecasts that a majority of new EVs will be NACS compatible by 2030.
Positive
- Pilot installed nearly 100 NACS connectors across 22 metropolitan areas
- Targeting more than 500 NACS connectors installed by end of 2026
- Plans to offer NACS charging in 25+ states by end of 2026
- Autocharge+ enabled over 5 million sessions since 2022
Negative
- None.
Details
News Market Reaction – EVGO
On Jan 27, the day this news came out, EVGO closed 1.29% below the previous close.
Data tracked by StockTitan Argus for the Jan 27 session.
Key Figures
- NACS connectors installed
- nearly 100
- 2025 pilot across 22 metropolitan areas
- Metropolitan areas
- 22
- Locations with NACS connectors in 2025 pilot
- Planned NACS connectors
- more than 500
- Target installed by end of current year
- NACS share of new EVs
- more than 80%
- Expected NACS compatibility for North American EVs by 2030
- States with NACS charging
- more than 25
- Planned coverage by end of 2026
- NACS connectors per site
- 2–4
- Typical number of NACS connectors at most sites
- NACS vehicle models
- more than 35
- Expected count on American roads by end of year
- Autocharge+ sessions
- over 5 million
- Sessions enabled on EVgo network since 2022
Historical Context
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Long-term plan with Kroger to add at least 150 fast-charging stalls per year.
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Use of prefab charging skids cutting installation costs and speeding deployments.
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CFO change with 2025 revenue and EBITDA guidance reiterated for the year.
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Autocharge+ surpasses 5M sessions and 300,000 customers with broad model support.
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Strong revenue and throughput growth alongside continued losses and capex needs.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ccs technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company aims for leading presence of NACS connectors in key markets
LOS ANGELES, Jan. 27, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), announced new plans to roll out NACS connectors to meet consumer demand. Following its successful 2025 pilot, during which the Company installed nearly 100 NACS connectors across 22 major metropolitan areas, EVgo plans to accelerate deployment to reach more than 500 NACS connectors installed by the end of this year.
NACS connectors will be installed at both existing and new locations to serve both Tesla drivers and the growing number of new vehicle models equipped with the NACS inlet. With more than
Most sites will feature two to four NACS connectors with flexibility to expand as demand grows. EVgo will continue to monitor customer behavior and can add more NACS connectors where needed to ensure drivers have convenient access.
“Increasing the share of NACS connectors on EVgo’s high-power network means more EV drivers will have access to public fast charging near their everyday amenities like grocery stores, shopping and restaurants,” said Badar Khan, CEO of EVgo. “We are already seeing an increase in NACS throughput on our network, and with more than 35 NACS models expected on American roads by the end of the year, we expect that to grow as we add more connectors throughout the country.”
Drivers of eligible NACS vehicles, including Tesla vehicles, can enroll in Autocharge+ through the EVgo app and automatically start their charging session at EVgo’s NACS locations, with no adapter needed. Most EV drivers with CCS vehicles can also enroll in Autocharge+, which enabled over 5 million sessions on the EVgo network since its launch in 2022.
“Backed by rigorous testing at the EVgo Innovation Lab, we launched not only a market-leading product with our liquid-cooled NACS cables, but also a great customer experience by expanding Autocharge+ compatibility to serve both NACS and CCS drivers,” said Alex Keros, Senior VP of Product at EVgo.
For more information about the EVgo network, visit www.evgo.com.
1 NACS Connector Revolution (SAE J3400)
About EVgo
EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,100 fast charging stations across 47 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.
Forward Looking Statement
This press release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to: EVgo’s plans, projections, and expectations regarding the deployment of NACS charging connectors; EVgo’s product capabilities, features, availability, performance, and expected benefits, including for EVgo’s customers; the speed and scope of EVgo’s infrastructure deployment; and the expected increase in NACS-compatible vehicles and its impact on customer demand and throughput. Forward-looking statements are based on EVgo’s management’s current assumptions, expectations, and beliefs and are not guarantees of future performance. These statements are subject to a number of risks, uncertainties, and assumptions, including those described under the heading “Risk Factors” and elsewhere in our most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied by the forward-looking statements. You should not rely on forward-looking statements as predictors of future results. Any forward-looking statements in this release are based on the limited information currently available to EVgo as of the date hereof, which is subject to change, and EVgo does not undertake any obligation to update these statements, even if new information becomes available in the future.
Contacts
For Investors:
investors@evgo.com
For Media:
press@evgo.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51d33d0c-25ff-4aa8-a9a9-07f14d7cfb62
FAQ
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