Evgo Inc. Stock Price, News & Analysis

EVgo has expanded its network with six new fast chargers in Arvada, Colorado, in partnership with Regency Centers, the Colorado Energy Office, and General Motors. This development adds to the existing 86 chargers in Colorado, contributing to the state's Zero Emission Vehicle targets. The new chargers include four high-powered 350 kW chargers and two 100 kW chargers. EVgo's network, powered by 100% renewable energy, aims to enhance EV infrastructure and support Colorado's clean transportation goals.

Merchants Fleet has partnered with EVgo to enhance fleet electrification efforts, utilizing EVgo's extensive fast-charging network powered by 100% renewable energy. This collaboration allows Merchants Fleet clients access to comprehensive charging solutions, including over 800 fast charging stations and 1,200+ Level 2 locations, ensuring reliability with more than 98% uptime. Merchants Fleet commits to converting 50% of its mobility fleet to electric by 2025, backed by a $2B inventory allocation, to further its sustainability goals.

EVgo Inc. (NASDAQ: EVGO) has expanded its Fleet Charging Solutions with new offerings designed for electrifying commercial fleets. These solutions include EVgo Optima™, a cloud-based software platform, and EVgold™, a service guarantee aimed at easing the transition to electric vehicles. As over 300,000 customer accounts benefit from EVgo’s extensive charging network, which includes over 800 fast charging sites and 1,200+ Level 2 locations, the company emphasizes the economic and environmental advantages of fleet electrification. EVgo is leveraging its experience in the sector to enhance operational efficiency for fleet operators.

EVgo has launched EVgo Rewards™, becoming the first public EV charging network in the U.S. to offer a customer loyalty program. Following a successful pilot with over 4,000 customers, the program allows users to earn points for free fast charging sessions. Customers receive five points per dollar spent on charging, with additional opportunities to earn points through social media engagement and participation in loyalty activities. Upon reaching 2,000 points, members redeem a $10 charging credit.

EVgo, the largest public fast charging network for electric vehicles, announced its upcoming presentations at two key conferences. The Cowen Global Transportation & Sustainable Mobility Conference will take place on September 9, 2021, where EVgo's 'fireside chat' is scheduled for 3:20 PM ET. The Evercore ISI Autotech & AI Forum is set for September 21, 2021, with EVgo presenting at 2:45 PM ET. Both events will feature live webcasts, with replays available for 180 days. EVgo is committed to expanding its network powered by 100% renewable energy.

EVgo (NASDAQ: EVGO) has launched the Connect the Watts™ initiative, aimed at enhancing the EV charging infrastructure in the U.S. This collaborative effort brings together more than 200 stakeholders, including automakers, utilities, and local governments, to streamline the deployment of fast chargers amidst a growing demand for electric vehicles. Industry studies indicate a need for 77,000 fast chargers by 2027, while EVgo can construct a station in just four to eight weeks. The first set of implementation guides is released to facilitate this process.

EVgo (NASDAQ: EVGO), the largest public fast charging network for electric vehicles, has announced new pricing plans including the launch of EVgo Rewards™ and kWh pricing pilots in California. Starting next month, the EVgo Plus subscription will provide discounts for frequent users. The company is transitioning to time-of-use (TOU) pricing to better reflect energy costs and help manage grid load. EVgo operates over 800 charging locations and plans to deploy 2,000 new chargers, enhancing charging options nationwide.

EVgo, the nation's largest public fast charging network for electric vehicles powered by 100% renewable electricity, will announce its second quarter 2021 financial results before market open on August 11, 2021. The announcement will be followed by a conference call at 11:00 AM Eastern Time, which investors can access via webcast on the Investor Relations section of EVgo's website or by dialing in directly. EVgo operates over 800 fast charging locations, serving more than 250,000 customers across 34 states, leading efforts in transportation electrification.