General Motors and EVgo Boost Build Plan for High Power Fast Chargers Across the US
November 09 2021 - 7:00AM
Business Wire
Under expanded agreement, EVgo and GM will
deploy 3,250 charging stalls across the country to the nation’s
largest public fast charging network through 2025
EVgo Inc. (NASDAQ: EVGO), owner and operator of the nation’s
largest public fast charging network for electric vehicles (EVs),
and General Motors (GM) announced an expansion of their fast
charging infrastructure build-out collaboration currently underway
across the U.S. EVgo and GM previously announced a tripling of the
EVgo network with plans to build 2,750 charging stalls through
2025.
In response to the growing demand for charging infrastructure
and new vehicles coming to market in the later years of the
program, EVgo and GM have now expanded their build plan to add
another 500 high-powered DC fast charging stalls, bringing the
total to 3,250 through 2025 and extending the geographic reach from
40 metropolitan markets to 52.
Stations that are part of the program are now live in eight
states, including in Georgia, Florida, Pennsylvania, Colorado and
North Carolina. The joint program will further accelerate
widespread EV adoption and increase public access to charging,
including in future markets in Alabama, Wisconsin, Kentucky,
Michigan, Ohio, and Texas. This includes drivers who live in
multi-unit dwellings, rent their homes and can’t install chargers,
or might not otherwise have access to home or workplace charging.
These DC charging stalls could also provide a fast charging option
for drivers who’d like to charge on-the-go.
EVgo will continue scaling fast charging deployments for the
program as newer EV models hit the market in the next few years.
GM’s sustained commitment to electrification includes plans to
deliver 30 EV models to the market globally through 2025. The new
EVgo sites all deploy cutting-edge power sharing technology,
including high power fast chargers capable of delivering up to 350
kW. Sites can provide up to 150 miles of range in 8-12 minutes1 for
new 350k -capable EV models coming to market.
“As EV adoption picks up momentum across both consumer and
commercial segments, the charging infrastructure buildout needs to
continue being a few steps ahead of demand. EVgo is committed to
reliable and convenient charging for all,” said EVgo CEO, Cathy
Zoi. “We are thrilled to expand the scope of our collaboration with
GM – a testament to our successful partnership. We look forward to
working together as we expedite the journey to an electrified
future for the betterment of our planet.”
“DC fast charging is crucial to our goal of putting everyone in
an EV and making electrification convenient,” said Rick Spina, GM
vice president of AV/EV Commercialization and Infrastructure.
“Growing the geographic footprint of our collaboration with EVgo to
even more metropolitan areas will be key to making fast charging
accessible to more customers.”
The infrastructure collaboration builds on GM’s commitment to
offering zero emissions vehicles across a range of price points.
The new stations added to the EVgo network will continue to be
powered by 100% renewable electricity.
EVgo has more than 2,000 sites in its active engineering and
construction pipeline. With this program and the Company’s
continued growth across the US, EVgo’s public charging network will
span over 75 metro markets in at least 40 states by 2025.
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.
1 The speed at which an EV can charge and its efficiency are
determined by its overall size as well as battery size and charging
capabilities of the vehicle itself. Currently there are no EVs on
the market that can accept 350kW of power. However OEMs have
indicated/announced development of new models with up to 350kW
capability will be available in the next few years.
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version on businesswire.com: https://www.businesswire.com/news/home/20211109005703/en/
For Investors: Ted Brooks, VP of Investor Relations
investors@evgo.com 310-954-2943 For Media: press@evgo.com
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