EVgo Applauds LADWP Commercial Electric Vehicle Charging Rates and Streamlined Development Processes and Accelerates Construction of New Fast Charging Stations Within LADWP Territory
October 29 2021 - 9:00AM
Business Wire
EVgo working with Los Angeles Department of
Water and Power to expand existing network of 140+ stations in LA
region and expedite infrastructure development
EVgo Inc. (NASDAQ: EVGO), a first mover in fleet electrification
and owner and operator of the nation’s largest public fast charging
network for electric vehicles (EVs) and first powered by 100%
renewable electricity, will accelerate construction of new EV
charging sites — in addition to the 18 sites already live within
LADWP’s territory — further solidifying its place as the largest
network of public fast charging stations in Los Angeles.
EVgo’s expanded site pipeline builds on recent major efforts by
the Los Angeles Department of Water and Power (LADWP) to streamline
and accelerate installation and commissioning of EV charging
stations in order to support the transition to EVs and meet the
state’s ambitious policy goals. This effort, adopted through a
motion by the Department’s Commissioners at the October 12th Board
Meeting and introduced by Board President Cynthia McClain-Hill,
comes on the heels of the department’s introduction of a pilot
commercial EV charging rate designed to incentivize charging
infrastructure development just weeks prior.
“We can see the EV future in our rearview mirrors, and it’s
coming up fast. L.A. must be ready, and that means we must ensure
that there’s a fast-charging infrastructure that’s built to meet
the needs of everyday motorists and business commercial fleets,”
said Cynthia McClain-Hill, LADWP Board of Commissioners President.
“Some say we have less than a decade to get this job done. Our
public hearing with EV industry leaders was an incredible
opportunity for us to gain from a deep-dive, holistic review of the
state of LADWP’s transportation electrification initiatives; to
understand our successes and pain-points and to comprehend what
needs to happen, and when, to dramatically decarbonize our local
transportation sector through the broad use of EVs.”
According to the California Energy Commission (CEC), the state
of California will need 1.2 million electric vehicle chargers for
passenger cars by 2030, as well as an additional 150,000 chargers
to support electric-powered buses and trucks. The new pilot
commercial EV charging rate introduced by LADWP will help meet
these ambitious state goals and is aimed at rapidly expanding EV
charging infrastructure in locations such as public and commercial
parking lots, malls, parks and more and will be made available to
businesses and multi-family housing facilities. This commercial
rate, strongly supported by EVgo and other industry stakeholders,
features two pricing options that will prioritize charging during
daylight hours and the use of sustainable energy solutions like
solar power. This new rate will bring LADWP in line with
investor-owned utilities (IOUs) in California that have already
introduced commercial EV rates, and establish an attractive market
for further EV adoption and infrastructure development.
In addition to new EV charging rates, LADWP will streamline its
construction and installation processes by identifying an
individual to serve as the head of all transportation
electrification (TE) and EV initiatives within the department,
including the LADWP’s Charge Up! rebate program. LADWP’s Commission
instructed staff to work with other city agencies to evaluate
potential options for faster and more efficient development of
these chargers and identify ways to streamline their installment as
it relates to other city agencies. EVgo will work in tandem with
DWP and other city agencies, including the Department of
Transportation (DOT) and the Los Angeles Department of Building and
Safety (LA DBS), to shorten permitting and development timelines,
speed the installation of fast chargers within the region and
improve the city’s ability to attract additional EV infrastructure
investments.
The developments align with EVgo’s response to growing consumer
demand and policy support behind EVs to roll out charging
infrastructure faster than ever before and ensure equal access to
charging for all drivers. This industry collaboration, which led to
workshops and organizational coordination, highlights the
importance of EVgo's Connect the WattsTM program — an initiative
aimed at bringing together the electric vehicle charging
infrastructure community, including utilities, to identify best
practices for expediting charger deployments. Utilities across the
country that are looking to attract electric vehicle development
within their territories can look at LADWP as a successful example.
Additionally, EVgo is piloting a location-based pricing structure
in Los Angeles, whereby EVgo will provide discounts in priority
communities as identified by CalEnviroScreen to further align with
its corporate mission, state level equity and equal accessibility
to charging.
“As an LA-based company, we’re honored to assist LADWP in
facilitating this transition and to meet the growing demand for EVs
and providing the necessary infrastructure to enable the future of
electrified transportation,” said Cathy Zoi, CEO of EVgo. “The
introduction of commercial charging rates – coupled with efforts
from the DWP to streamline processes for charge deployments –
supports our goals of providing convenient and affordable charging
for all -- including in priority communities -- while spearheading
the mass transition to more sustainable solutions for Angelenos and
beyond.”
For more information around the locations of fast chargers in
EVgo’s charging network, visit www.evgo.com.
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging
network for electric vehicles, and the first to be powered by 100%
renewable energy. With more than 800 fast charging locations,
EVgo’s owned and operated charging network serves over 68
metropolitan areas across 35 states and more than 300,000 customer
accounts. Founded in 2010, EVgo leads the way on transportation
electrification, partnering with automakers; fleet and rideshare
operators; retail hosts such as hotels, shopping centers, gas
stations and parking lot operators; and other stakeholders to
deploy advanced charging technology to expand network availability
and make it easier for drivers across the U.S. to enjoy the
benefits of driving an EV. As a charging technology first mover,
EVgo works closely with business and government leaders to
accelerate the ubiquitous adoption of EVs by providing a reliable
and convenient charging experience close to where drivers live,
work and play, whether for a daily commute or a commercial
fleet.
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For Investors: Ted Brooks, VP of Investor Relations
investors@evgo.com 310-954-2943
For Media: press@evgo.com
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