EVgo, Inc. (EVGO): Análisis PESTLE [Actualizado en enero de 2025]

En el paisaje en rápida evolución de la infraestructura de vehículos eléctricos, Evgo, Inc. se encuentra a la vanguardia de una revolución transformadora de transporte. A medida que aumenta la demanda de movilidad sostenible, esta innovadora red de carga está navegando por un complejo ecosistema de desafíos políticos, económicos, sociológicos, tecnológicos, legales y ambientales. Al diseccionar estas dimensiones críticas de la maja, revelamos la intrincada dinámica que moldea el posicionamiento estratégico de EVGO en un mundo cada vez más comprometido con la electrificación y las soluciones de transporte neutral en carbono.

EVGO, Inc. (EVGO) - Análisis de mortero: factores políticos

Créditos fiscales federales e incentivos para la infraestructura de cobro de EV

La Ley de Reducción de Inflación de 2022 proporciona un Crédito fiscal del 30% Para las inversiones de infraestructura de cobro de EV, con un crédito máximo de $ 100,000 por estación de carga. Este incentivo respalda directamente la estrategia de expansión de EVGO.

Incentivo federal	Valor	Límite máximo
Credit fiscal de infraestructura de cobro de EV	30%	$ 100,000 por estación

Políticas de energía limpia a nivel estatal

California dirige el apoyo a EV a nivel estatal con objetivos ambiciosos:

• Ventas de vehículos de emisión 100% cero para 2035
• $ 10 mil millones asignados para la infraestructura EV hasta 2026
• $ 2.7 mil millones adicionales para la expansión de la red de carga

Inversión de infraestructura de la administración de Biden

La Ley de Inversión y Empleos de Infraestructura asigna $ 7.5 mil millones específicamente para la infraestructura de carga EV. Esta financiación federal afecta directamente los planes de expansión nacionales de EVGO.

Categoría de inversión de infraestructura	Financiación asignada
Implementación de red de carga EV	$ 7.5 mil millones
National EV Carding Station Target	500,000 estaciones para 2030

Política de energía renovable

Marcos de políticas clave que influyen en la planificación estratégica de EVGO:

• El plan de energía limpia de la EPA se dirige al 80% de electricidad limpia para 2030
• Programa de inversión de resiliencia de red de $ 3.5 mil millones del Departamento de Energía
• Estándares de cartera renovables a nivel estatal que requieren 50-100% de energía limpia

EVGO, Inc. (EVGO) - Análisis de mortero: factores económicos

Alciamiento de los costos de combustible y el interés del consumidor en soluciones de carga de vehículos eléctricos

A partir de enero de 2024, los precios promedio de la gasolina en los Estados Unidos eran de $ 3.09 por galón, en comparación con $ 3.11 en diciembre de 2023. Los costos de carga de vehículos eléctricos siguen siendo significativamente más bajos, con tasas de electricidad promedio de $ 0.14 por kWh.

Tipo de combustible	Costo por unidad	Costo promedio por milla
Gasolina	$ 3.09/galón	$ 0.11/milla
Electricidad	$ 0.14/kWh	$ 0.04/milla

Capital de riesgo e inversión estratégica

Evgo criado $ 167 millones En fondos totales a partir de 2023, con inversores clave, incluidos Vision Ridge Partners y Energy Impact Partners.

Ronda de inversión	Cantidad recaudada	Año
Serie A	$ 39.5 millones	2018
Transacción de tubería	$ 110 millones	2021

Impacto potencial de recesión económica

T4 2023 Las ventas de vehículos eléctricos en los Estados Unidos totalizaron 80,975 unidades, que representa una participación de mercado del 1.3%, lo que indica una sensibilidad potencial a las condiciones económicas.

Dinámica de costos de tecnología de batería

Los precios promedio de la batería de iones de litio disminuyeron a $ 139/kWh En 2023, en comparación con $ 157/kWh en 2022, lo que representa una reducción del 11.5%.

Año	Precio de la batería	Cambio año tras año
2022	$ 157/kWh	-6.5%
2023	$ 139/kWh	-11.5%

EVGO, Inc. (EVGO) - Análisis de mortero: factores sociales

La creciente conciencia ambiental impulsa la demanda del consumidor de infraestructura de vehículos eléctricos

Según una encuesta del Centro de Investigación Pew de 2023, el 67% de los estadounidenses consideran que el cambio climático es una gran amenaza, influyendo directamente en la demanda de infraestructura de EV. Se proyecta que el mercado de la estación de carga de vehículos eléctricos alcanzará los $ 103.7 mil millones para 2030, con una tasa compuesta anual del 32.7%.

Año	Inversión de infraestructura de carga EV	Conciencia ambiental del consumidor
2022	$ 45.2 mil millones	62%
2023	$ 58.6 mil millones	67%
2024 (proyectado)	$ 76.3 mil millones	71%

Las poblaciones urbanas muestran una mayor preferencia por las alternativas de transporte sostenible

Las tasas de adopción urbana de EV en las principales áreas metropolitanas demuestran un crecimiento significativo. En 2023, ciudades como San Francisco (38%de participación en el mercado de EV), Seattle (35%) y Los Ángeles (32%) mostraron una gran penetración de vehículos eléctricos.

Ciudad	Cuota de mercado de EV 2023	Estaciones de carga pública
San Francisco	38%	2,475
Seattle	35%	1,890
Los Ángeles	32%	3,210

Las generaciones más jóvenes demuestran un compromiso más fuerte para reducir la huella de carbono

Los millennials y la generación Z exhiben una mayor conciencia ambiental. Un informe de 2023 Nielsen indica que el 73% de los consumidores de entre 18 y 40 años priorizan la sostenibilidad al tomar decisiones de compra, particularmente en las opciones de transporte.

Generación	Preferencia de sostenibilidad	Intención de compra de EV
Millennials	68%	45%
Gen Z	73%	52%

El aumento de las instalaciones de carga de EV en el lugar de trabajo y residencial refleja las actitudes sociales cambiantes

La infraestructura de carga EV comercial y residencial se expandió significativamente. En 2023, las instalaciones de carga en el lugar de trabajo aumentaron en un 42%, con 18,500 nuevas ubicaciones comerciales agregadas en todo el país.

Tipo de ubicación	Instalaciones 2022	2023 instalaciones	Porcentaje de crecimiento
Lugar de trabajo	13,050	18,500	42%
Residencial	275,000	412,500	50%

EVGO, Inc. (EVGO) - Análisis de mortero: factores tecnológicos

Los avances rápidos en las tecnologías de carga rápida mejoran las capacidades de servicio de EVGO

EVGO opera una red de estaciones de carga rápida de más de 900 DC en 35 estados a partir de 2024. La compañía admite velocidades de carga de hasta 350 kW, lo que permite que los vehículos eléctricos carguen del 10% al 80% en aproximadamente 20-30 minutos.

Tecnología de carga	Potencia de salida	Tiempo de carga
DC Carga rápida	350 kW	20-30 minutos
Carga de nivel 2	19.2 KW	4-8 horas

Integración de IA y aprendizaje automático para optimizar el rendimiento de la red de la estación de carga

EVGO invirtió $ 12.5 millones en IA y tecnologías de aprendizaje automático en 2023 para optimizar el rendimiento de la red de la estación de carga y el mantenimiento predictivo.

Inversión tecnológica de IA	Año	Objetivo
$ 12.5 millones	2023	Optimización de red

Las tecnologías emergentes de la batería potencialmente reducen los tiempos de carga y aumentan la eficiencia de la estación

EVGO colabora con desarrolladores de tecnología de baterías para reducir los tiempos de carga. Las tecnologías actuales de batería de iones de litio admiten capacidades de carga de 250-350 kW.

Tecnología de batería	Velocidad de carga	Densidad de energía
Iones de litio	250-350 kW	250-300 wh/kg

El desarrollo de tecnologías de cuadrícula inteligente admite una infraestructura de carga más sofisticada

EVGO tiene tecnologías integradas de redes inteligentes en el 70% de sus estaciones de carga, lo que permite la gestión de energía en tiempo real y el equilibrio de carga.

Integración de cuadrícula inteligente	Porcentaje de estaciones	Características clave
Tecnologías de cuadrícula inteligente	70%	Gestión de energía en tiempo real

EVGO, Inc. (EVGO) - Análisis de mortero: factores legales

Cumplimiento de las regulaciones federales y estatales con respecto a los estándares de carga de vehículos eléctricos

EVGO debe adherirse a múltiples marcos regulatorios que rigen la infraestructura de carga de vehículos eléctricos:

Categoría de regulación	Normas específicas	Requisitos de cumplimiento
Regulaciones federales	Programa de fórmula de Infraestructura Nacional de Vehículos Eléctricos (NEVI)	Asignación de fondos federales de $ 7.5 mil millones para la infraestructura de carga EV
Estándares internacionales SAE	J1772 y protocolos de carga CCS	100% compatibilidad con conectores de carga estándar
Mandatos a nivel estatal	Regulaciones de la Junta de Recursos del Aire de California (CARB)	Mínimo 15% Requisitos de infraestructura de vehículos de emisión cero

Navegar por los procesos de permisos complejos para las instalaciones de la estación de carga

Permitir métricas de complejidad:

• Tiempo promedio de permisos municipales: 6-9 meses
• Costos de permisos estimados por ubicación: $ 5,000 - $ 15,000
• Jurisdicciones que requieren permisos eléctricos especializados: 47 estados

Posibles problemas de responsabilidad relacionados con la seguridad y confiabilidad de la infraestructura de carga

Categoría de responsabilidad	Riesgo potencial	Estrategia de mitigación
Mal funcionamiento del equipo	Exposición potencial de responsabilidad anual de $ 2.3 millones	Programas de garantía de equipos integrales
Seguridad eléctrica	Requisitos de cumplimiento de NFPA 70E	Certificación anual de seguridad de terceros
Riesgos de ciberseguridad	Costos de incumplimiento potenciales estimados de $ 4.5 millones	ISO 27001 Gestión de seguridad de la información

Protección de propiedad intelectual para tecnologías de carga patentadas y gestión de redes

Cartera de propiedades intelectuales:

• Patentes activas totales: 37
• Aplicaciones de patentes pendientes: 22
• Gastos anuales de protección de IP: $ 1.2 millones

Categoría de patente	Número de patentes	Enfoque tecnológico
Gestión de redes de carga	15 patentes	Tecnologías de integración de cuadrícula inteligente
Diseño de la estación de carga	12 patentes	Infraestructura de carga modular
Sistemas de pago	10 patentes	Integración de pagos móviles

EVGO, Inc. (EVGO) - Análisis de mortero: factores ambientales

Contribución directa para reducir las emisiones de carbono a través de la infraestructura de carga de vehículos eléctricos

EVGO opera más de 900 estaciones de carga rápida en 35 estados con un total de 1,350 cargadores rápidos de CC a partir del cuarto trimestre de 2023. La red de carga de la compañía admite fuentes de energía 100% renovables, evitando aproximadamente 105,000 toneladas métricas de emisiones de CO2 anualmente.

Métrico	Valor	Año
Estaciones de carga totales	900+	2023
Cargadores rápidos totales de DC	1,350	2023
Emisiones de CO2 prevenidas	105,000 toneladas métricas	2023

Apoyo a la transición de sistemas de transporte dependientes de combustibles fósiles

La red de carga de EVGO es compatible Más de 150,000 controladores EV activos, permitiendo una reducción significativa en las emisiones de carbono relacionadas con el transporte. La infraestructura de la compañía cubre las principales áreas metropolitanas en los Estados Unidos, facilitando la adopción de vehículos eléctricos.

Compromiso con fuentes de energía sostenibles y generación de electricidad renovable

EVGO se ha comprometido a una adquisición de energía renovable al 100%, con un abastecimiento actual de energía renovable al 97%. La Compañía compra créditos de energía renovable (REC) para compensar el consumo de energía restante.

Métrica de energía renovable	Porcentaje
Abastecimiento actual de energía renovable	97%
Compra de crédito de energía renovable (rec)	3%

Implementación de principios de economía circular en el diseño de la estación de reciclaje y carga de la batería

EVGO se asocia con compañías de reciclaje de baterías para garantizar la eliminación sostenible y el reciclaje de baterías de vehículos eléctricos. Las estaciones de carga de la compañía están diseñadas con componentes modulares para minimizar los desechos y permitir un mantenimiento y actualizaciones más fáciles.

• El diseño de la estación de carga modular reduce los desechos electrónicos
• Asociaciones con especialistas en reciclaje de baterías
• Compromiso con el desarrollo de infraestructura sostenible

EVgo, Inc. (EVGO) - PESTLE Analysis: Social factors

Growing consumer demand for reliable, fast charging drives site selection.

The core social factor driving EVgo's strategy is the explosive growth in fast-charging demand, which directly translates to site selection pressure. You're seeing a clear shift in how often and how much energy drivers need. EVgo's network throughput (the total energy dispensed) hit a record 88 gigawatt-hours (GWh) in the second quarter of 2025, marking a 35% increase year-over-year. This is not just more drivers, but more active drivers; the average daily throughput per stall for the public network also rose to 281 kilowatt hours per day in Q2 2025, up 22% from the prior year.

To meet this demand, EVgo is focused on deploying higher-power, higher-capacity stations. By the third quarter of 2025, the share of stalls with a 350-kW charger-the fastest available-increased to 59% of their total network. Also, the percentage of stations featuring at least six stalls grew to 26% in Q3 2025, up from 18% a year earlier. That's a defintely necessary move to reduce lines and improve the customer experience.

Range anxiety is slowly shifting to 'charging anxiety' (network availability).

The psychological barrier to EV adoption has fundamentally changed. As modern EV ranges average around 300 miles, the old fear of running out of battery ('range anxiety') is largely fading for current owners. However, a new and more immediate concern-'charging anxiety'-has taken its place. This is the worry that a public charger will be broken, occupied, or simply too slow.

This distinction is critical for EVgo. While 76% of prospective EV buyers still cite range as a major concern, nearly 59% of current EV owners report little to no range anxiety at all. The battleground is now reliability and ease of use. EVgo addresses this directly with its 'One and Done' success rate-the ability to successfully initiate a charging session on the first attempt-which remained stable at 95% in Q2 2025. Still, the industry-wide data shows that about 14% of all public charging attempts in the U.S. fail on the first try, so there is still a long way to go.

Preference for charging at retail locations over dedicated hubs.

EV drivers are not just looking for a plug; they are looking for a place to spend 15 to 45 minutes productively. This is why the preference for 'destination charging' at retail locations-like grocery stores, shopping centers, and convenience stores-is a major tailwind for EVgo. Their model is built on these partnerships, which is why their retail charging revenue surged by 54% in Q2 2025.

The 'dwell time' (the time spent waiting) is now an opportunity for retail partners, and EVgo's presence at these sites is a key differentiator. The company's EVgo eXtend program, which focuses on these third-party locations, had 880 stalls in operation by Q3 2025.

Here's the quick math on what customers want while they wait:

• WiFi: 36% of consumers rank it as the most desirable feature.
• Clean Restrooms: 30% of consumers prioritize this amenity.
• Food and Drink Options: 27% of consumers want these options.

Public perception of charging network reliability is a critical brand factor.

In the public eye, reliability is the ultimate brand test. While the industry is improving-the rate of failed charging visits dropped to 14% in the 2025 J.D. Power study, down from 19% in 2024-perception is still fragmented. EVgo's operational focus on uptime is reflected in its high internal success rate, but the broader market perception is more complex.

The company was recognized as one of America's Greatest Companies 2025 by Newsweek, achieving a star rating of 4.5 out of 5, which speaks to strong business performance and industry credibility. But when you look at pure customer satisfaction with the fast-charging experience, the competitive landscape is clear.

Here is how EVgo compares in the J.D. Power 2025 U.S. Electric Vehicle Experience (EVX) Public Charging Study for DC Fast Chargers:

Network	Customer Satisfaction Score (out of 1,000)	Notes
Tesla Supercharger	709	Leads the segment due to seamless experience.
Red E	668	Strong challenger performance.
ChargePoint	619	Above the industry average.
Electrify America	601	Slightly above EVgo.
EVgo	579	Below the segment average of 654.

To be fair, the decline in overall satisfaction (down 10 points to 654 for DC fast chargers) is largely due to factors like payment complexity and the rising cost of charging, not just reliability. But the score of 579 shows that while EVgo is expanding fast, the driver experience still needs to catch up to the market leader to truly win over the mass-market consumer.

EVgo, Inc. (EVGO) - PESTLE Analysis: Technological factors

Technology is the core battleground for electric vehicle (EV) charging networks, and EVgo's strategy is clearly focused on maximizing charger speed and improving the customer experience through seamless software integration. The company is aggressively upgrading its hardware to future-proof the network and is tackling the industry's biggest interoperability challenge head-on with the North American Charging Standard (NACS) transition.

Rapid deployment of 350kW high-power chargers increases throughput.

You need to know that faster charging directly translates to higher utilization and better return on capital. EVgo has prioritized the deployment of ultra-fast chargers to capture premium charging demand from high-performance EVs. As of the third quarter of 2025, the share of stalls equipped with a 350-kilowatt (kW) charger reached a significant 59% of the network. This focus on high-power units is designed to increase network efficiency and customer satisfaction.

Here's the quick math: this high-power deployment helped boost the average daily network throughput per stall to 295 kilowatt hours per day in Q3 2025, a 16% increase over the same period in 2024. The company's long-term target is to push this daily throughput to 450-500 kWh per stall, so there is defintely still room to grow.

Metric	Q3 2025 Value	Significance
Total Stalls in Operation	4,590	25% year-over-year increase in network size.
Stalls with 350kW Charger	59%	Focus on ultra-fast charging capability.
Average Daily Throughput (per stall)	295 kWh	Key operational efficiency metric, up 16% YoY.

Autocharge+ (Plug and Charge) adoption improves customer experience.

The charging experience needs to be as simple as filling a gas tank, and Autocharge+ (a proprietary Plug and Charge technology) is EVgo's answer to that. This feature allows drivers to simply plug in their vehicle to start a session without needing an app, card, or code, improving the overall reliability perception. In the third quarter of 2025, Autocharge+ accounted for 28% of all charging sessions initiated on the network. This high adoption rate is a direct competitive advantage, especially since the network's 'One and Done' success rate-a key measure of reliability-remained stable at 95% across four consecutive quarters. You can't overstate the value of a reliable first-time charge.

Battery energy storage systems (BESS) are used to mitigate peak demand charges.

The financial risk for fast-charging operators often comes from utility demand charges, which are fees based on the highest power draw during a billing cycle. Battery Energy Storage Systems (BESS) are the technical solution to this, allowing a station to draw power from the battery during peak grid demand times, thereby smoothing the load and cutting costs. While EVgo was an early adopter, having deployed 14 battery storage systems at 11 fast charging stations as early as 2019, their current strategy involves continued BESS integration, particularly as station power ratings increase. The deployment of BESS remains a critical, albeit often non-publicized, component of the overall technological strategy to manage energy costs and improve the financial model as the company scales to meet its full-year 2025 revenue guidance of up to $405 million.

The transition to the North American Charging Standard (NACS) is a major integration project.

The industry-wide shift to the North American Charging Standard (NACS), which is the connector used by Tesla, is a massive technological undertaking for all networks. For EVgo, this is an opportunity to expand its addressable market significantly. The company is actively integrating the new J3400 (NACS) connectors alongside the existing Combined Charging System (CCS) connectors. As of October 2025, EVgo had NACS connectors launched at additional sites, totaling nearly 100 stalls in the pilot program. This pilot phase is crucial for validating the technology and software integration before a larger rollout planned for 2026. This dual-connector approach is essential because it ensures service for the millions of existing CCS-equipped vehicles while capturing the immense market share of NACS-equipped vehicles, including those from major Original Equipment Manufacturers (OEMs) who are making the switch.

• Deploy NACS connectors at nearly 100 stalls as of October 2025.
• Validate NACS integration to maintain the high reliability of Autocharge+.
• Prepare for a larger NACS rollout in 2026 to capture a greater share of the EV fleet.

EVgo, Inc. (EVGO) - PESTLE Analysis: Legal factors

NEVI funding requires 97% uptime and specific payment method compliance.

The National Electric Vehicle Infrastructure (NEVI) Formula Program, which provides a significant funding stream for EVgo, comes with stringent legal and operational compliance mandates. For a network operator like EVgo, meeting these rules is defintely critical to securing the federal funding, which covers up to 80% of eligible project costs. EVgo and its eXtend partners have already been selected for over $12.7 million in preliminary awards, demonstrating the program's financial importance.

The core legal requirement is reliability. Stations must maintain a minimum operational uptime of 97%. Here's the quick math: that means a charger can be non-operational for less than 11 days per year. If a site fails this, a portion of the reimbursement withheld to encourage compliance is forfeited. Also, the payment compliance rules are strict:

• Stations must accept contactless payment methods, including major credit and debit cards.
• Payment cannot require a membership, which removes a key competitive advantage for proprietary networks.
• By 2025, pricing displayed to the customer must be based on dollars per kilowatt-hour ($/kWh), ensuring transparency.

What this estimate hides is the political risk. The NEVI program faced a suspension for review in early 2025, creating significant uncertainty, though it was later re-opened with relaxed guidance. This stop-start regulatory environment impacts EVgo's long-term capital planning for NEVI-dependent projects.

Permitting and zoning laws for new charging sites vary widely by municipality.

The biggest near-term friction point for EVgo's rapid network expansion is the fragmented legal landscape of local permitting and zoning. While the federal government provides funding, the actual construction is governed by thousands of local jurisdictions, leading to massive delays and increased costs.

California, a key market for EVgo, has attempted to streamline this with legislation like Assembly Bill (AB) 970, which mandates review and approval timelines of 20 business days for smaller projects (25 or fewer chargers) and 40 business days for larger ones. Still, permit delays persist. For example, data from Electrify America showed that in 2019, permits in California took an average of 79 days, compared to a national average of 44 days, contributing to higher average construction costs.

This inconsistency forces EVgo to adopt a highly localized legal and permitting strategy. Some states are taking action: Colorado's HB24-1173 requires local governments to adopt streamlined land use permitting processes by December 31, 2025, or submit an opt-out resolution. This state-level push for standardization is a positive trend, but the current reality is a patchwork of local codes.

Data privacy regulations govern the collection of driver and charging session data.

As a technology-first company, EVgo collects significant amounts of consumer data-from payment information and charging session details to precise location data. This collection is now subject to a rapidly evolving legal framework, particularly in key states like California.

The California Consumer Privacy Act (CCPA) and its expansion, the California Privacy Rights Act (CPRA), are the primary legal drivers here. The updated regulations, approved in September 2025, create new compliance burdens for any business meeting the revenue or data processing thresholds (e.g., over $25 million in gross revenue or data from 100,000+ consumers). These include:

• Mandatory risk assessments for high-risk processing activities, starting January 1, 2026.
• Expanded consumer 'Right to Know' requests, which now cover personal information collected as far back as January 1, 2022.

More specifically, there is a legal risk around geolocation data. Proposed legislation in California in 2025 (AB 1355) would require opt-in consent for collecting precise location data, defined as street-level within a five-mile range. This is a significant shift from the current opt-out framework and directly impacts how EVgo can use driver location data for network planning or marketing. Maryland's Online Data Privacy Act, which takes effect October 1, 2025, also imposes similar restrictions on location data.

Federal tax credits (e.g., 30C) for charging equipment installation are critical.

The Alternative Fuel Vehicle Refueling Property Tax Credit (30C) is a critical financial incentive under the Inflation Reduction Act (IRA) that directly impacts EVgo's capital expenditure planning. This credit is available for charging equipment placed in service before June 30, 2026.

For commercial installations, the credit offers a substantial offset, but it is conditional on labor and location requirements. The maximum benefit is a credit of up to 30% of the cost of the equipment and installation, capped at $100,000 per charger. To qualify for the full 30% rate, the project must meet prevailing wage and apprenticeship requirements. If those labor standards are not met, the credit drops to 6%.

The location restriction is also key: the equipment must be installed in an eligible low-income community or a non-urban census tract. This legal constraint steers EVgo's capital investment toward specific geographic areas, aligning its expansion strategy with federal policy goals.

30C Business Tax Credit Compliance	Incentive Rate (Max)	Maximum Cap (Per Charger)	Key Requirement
Full Compliance (Prevailing Wage + Apprenticeship)	30%	$100,000	Must be in low-income or non-urban census tract.
Non-Compliance (No Wage/Apprenticeship)	6%	$100,000	Must be in low-income or non-urban census tract.

EVgo, Inc. (EVGO) - PESTLE Analysis: Environmental factors

Focus on sourcing 100% renewable energy for the charging network operations

You cannot talk about the Environmental factor for an electric vehicle charging company without addressing the power source. EVgo has committed to matching 100% of the electricity consumed on its network with renewable energy. This is a critical move, because an EV charged with coal-fired power is not nearly as clean as one charged with solar or wind power. They defintely get this right.

The mechanism for this is the bulk purchase of Renewable Energy Certificates (RECs) from accredited suppliers, which corresponds to the total kilowatt-hours (kWh) consumed by the network. For context on the scale of this commitment, the EVgo network throughput reached a record of 95 gigawatt-hours (GWh) in the third quarter of 2025 alone. Matching this massive and growing energy consumption with RECs is how the company achieves a zero-carbon charging footprint, a significant competitive differentiator in the market.

Increased scrutiny on the end-of-life battery disposal from charging systems

As the network expands-reaching 4,590 stalls in operation by the end of Q3 2025-the long-term question of hardware disposal, especially for the high-power components and any integrated battery storage, becomes a major scrutiny point. The industry is moving past just selling a service; stakeholders now demand a closed-loop system for the equipment.

EVgo addresses this by partnering with R2 certified electronics recyclers, like Homeboy Recycling, which is also a B Corp™. This partnership ensures that when a charger reaches its end-of-life, the process is not just disposal, but a responsible effort to:

• Reuse viable parts.
• Recycle valuable materials.
• Reduce overall waste.

The company has also explored using battery storage systems at charging sites, including the use of second-life batteries, which is a proactive step in managing the environmental impact of energy storage components themselves. This approach helps mitigate the environmental risk associated with the disposal of complex electronics and lithium-ion components.

EVgo's network helps states meet zero-emission vehicle (ZEV) mandates

The core business of EVgo directly supports state-level Zero-Emission Vehicle (ZEV) mandates, which require automakers to sell a rising percentage of ZEVs annually. The sheer existence and reliability of a fast-charging network is the necessary infrastructure for these mandates to succeed.

For Model Year (MY) 2025, states that adopted the Advanced Clean Cars (ACC) I regulations required ZEVs to account for 22% of total new passenger vehicle sales. EVgo's expansive network, operating in over 40 states and exceeding 1,100 fast charging locations, provides the necessary charging confidence for consumers to buy ZEVs in these crucial markets.

Here's a snapshot of how the network supports key state mandates in 2025:

State	2025 ZEV Mandate/Goal	EVgo Network Footprint (Q3 2025)
California (ACC I)	22% of new passenger vehicle sales are ZEVs.	Significant presence, including the deployment of NACS connectors.
New Jersey	Goal of at least 10% of new car sales to be ZEVs.	Part of the 40-state network coverage.
Illinois	All new governmental unit vehicle purchases must be ZEV after January 1, 2025.	Supports fleet electrification with dedicated services.

Pressure to reduce the environmental footprint of station construction materials

The rapid build-out of charging infrastructure-adding more than 280 new operational stalls in Q3 2025-brings scrutiny to the construction process itself, which relies on materials like concrete, steel, and copper, all of which have a high embodied carbon footprint.

To mitigate this impact, EVgo is adopting an innovative prefabrication approach for new station installations. This method involves assembling all charging equipment into a single base frame off-site before shipping it. This prefabrication is expected to cut the average installation time in half and save an average of 15% in station construction costs at eligible sites. While the main drivers are speed and cost, a faster, more controlled construction process inherently reduces on-site waste, logistical emissions, and local environmental disruption. It's a smart way to address the environmental cost of scaling up.