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EVgo, a leading public fast-charging network for electric vehicles (EVs), has surpassed one million registered customer accounts nationwide. This milestone highlights the increasing adoption of EVs and the growing demand for fast-charging infrastructure.
Key Highlights:
- 400% Increase in Accounts: Since April 2020, EVgo has seen a 400% increase in customer accounts.
- 19% Utilization Rate: In the first quarter of 2024, the network’s utilization rate was approximately 19%.
- Tripled Gigawatt Hour Throughput: Compared to the first quarter of 2023, the throughput nearly tripled.
- Autocharge+ Expansion: The Autocharge+ feature now supports over 50 EV models, with usage quadrupling in the first quarter of 2024.
- High-Power Charging Growth: Nearly 40% of EVgo’s charging stalls now have 350 kW chargers.
During the first quarter of 2024, EVgo’s network utilization stood at approximately 19% nationwide. The gigawatt hour throughput on the network nearly tripled year over year compared to the first quarter of 2023. This rapid increase in registered accounts, doubling in less than two years since reaching 500,000 in October 2022, demonstrates the expanding need for reliable fast charging solutions.
As EV adoption continues to surge, EVgo is enhancing its customer experience with features like Autocharge+. This streamlined plug-and-charge payment feature, now available to more than 50 EV models, saw its usage more than quadruple in the first quarter of 2024 compared to the same period in 2023. Additionally, EVgo has significantly increased its high-power charging capacity, with nearly 40% of its stalls now powered by 350 kW chargers, up from 22% at the end of March 2023.
“EVgo is laser focused on building a customer-centric charging network that now serves over one million drivers,” said EVgo CEO, Badar Khan. “And as more drivers make the switch to electric, we’re seeing demand on the EVgo network skyrocket. With 100,000 potential stalls already identified with site host partners, we look forward to serving many more drivers as we continue to grow our footprint across the U.S.”
For more information about the EVgo charging network, visit www.evgo.com.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in electric vehicle charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles. The company operates one of the nation’s largest public fast charging networks, with over 1,000 locations across more than 35 states.
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