EVGO, Inc. (EVGO): Analyse du Pestle [Jan-2025 Mise à jour]

Dans le paysage en évolution rapide des infrastructures de véhicules électriques, Evgo, Inc. est à l'avant-garde d'une révolution transformatrice du transport. À mesure que la demande de mobilité durable augmente, ce réseau de charge innovant navigue dans un écosystème complexe de défis politiques, économiques, sociologiques, technologiques, juridiques et environnementaux. En disséquant ces dimensions critiques du pilon, nous dévoilons la dynamique complexe façonnant le positionnement stratégique d'Evgo dans un monde de plus en plus engagé dans l'électrification et les solutions de transport neutre en carbone.

Evgo, Inc. (EVGO) - Analyse du pilon: facteurs politiques

Crédits d'impôt fédéraux et incitations pour les infrastructures de charge EV

La loi sur la réduction de l'inflation de 2022 fournit un 30% de crédit d'impôt pour les investissements en infrastructure de charge EV, avec un crédit maximal de 100 000 $ par station de charge. Cette incitation soutient directement la stratégie d'expansion d'Evgo.

Incitation fédérale	Valeur	Limite maximale
Crédit d'impôt sur les infrastructures de recharge EV	30%	100 000 $ par station

Politiques d'énergie propre au niveau de l'État

La Californie dirige le soutien de l'EV au niveau de l'État avec des cibles ambitieuses:

• Ventes de véhicules à 100% zéro-émission d'ici 2035
• 10 milliards de dollars alloués aux infrastructures EV jusqu'en 2026
• 2,7 milliards de dollars supplémentaires pour la facturation de l'expansion du réseau

Investissement d'infrastructure de l'administration Biden

La Loi sur l'investissement et l'emploi des infrastructures allouent 7,5 milliards de dollars spécifiquement pour les infrastructures de charge EV. Ce financement fédéral a un impact direct sur les plans d'expansion nationaux d'Evgo.

Catégorie d'investissement dans l'infrastructure	Financement alloué
Déploiement du réseau de charge EV	7,5 milliards de dollars
Cible nationale de charge de charge EV	500 000 stations d'ici 2030

Paysage de politique des énergies renouvelables

Cadres politiques clés influençant la planification stratégique d'Evgo:

• Le plan d'alimentation propre de l'EPA cible 80% d'électricité propre d'ici 2030
• Programme d'investissement de résilience du réseau de 3,5 milliards de dollars du ministère de l'Énergie
• Normes de portefeuille renouvelables au niveau de l'État nécessitant 50 à 100% d'énergie propre

Evgo, Inc. (EVGO) - Analyse du pilon: facteurs économiques

Chaussage des coûts de carburant et intérêt des consommateurs dans les solutions de charge des véhicules électriques

En janvier 2024, les prix moyens de l'essence aux États-Unis étaient de 3,09 $ le gallon, contre 3,11 $ en décembre 2023.

Type de carburant	Coût par unité	Coût moyen par mile
Essence	3,09 $ / gallon	0,11 $ / mile
Électricité	0,14 $ / kWh	0,04 $ / mile

Capital-risque et investissement stratégique

Evgo élevé 167 millions de dollars dans le financement total en 2023, avec des investisseurs clés, notamment Vision Ridge Partners et Energy Impact Partners.

Tournée d'investissement	Montant recueilli	Année
Série A	39,5 millions de dollars	2018
Transaction de tuyaux	110 millions de dollars	2021

Impact potentiel de la récession économique

Les ventes de véhicules électriques du T4 2023 aux États-Unis ont totalisé 80 975 unités, représentant une part de marché de 1,3%, indiquant une sensibilité potentielle aux conditions économiques.

Dynamique des coûts de la technologie des batteries

Les prix moyens du pack de batterie au lithium-ion ont diminué à 139 $ / kWh en 2023, contre 157 $ / kWh en 2022, ce qui représente une réduction de 11,5%.

Année	Prix ​​de la batterie	Changement d'une année à l'autre
2022	157 $ / kWh	-6.5%
2023	139 $ / kWh	-11.5%

Evgo, Inc. (EVGO) - Analyse du pilon: facteurs sociaux

La conscience environnementale croissante entraîne la demande des consommateurs d'infrastructures de véhicules électriques

Selon une enquête du 2023 Pew Research Center, 67% des Américains considèrent le changement climatique comme une menace majeure, influençant directement la demande d'infrastructures EV. Le marché de la station de charge des véhicules électriques devrait atteindre 103,7 milliards de dollars d'ici 2030, avec un TCAC de 32,7%.

Année	EV Charging Infrastructure Investment	Conscience de l'environnement des consommateurs
2022	45,2 milliards de dollars	62%
2023	58,6 milliards de dollars	67%
2024 (projeté)	76,3 milliards de dollars	71%

Les populations urbaines montrent une préférence accrue pour les alternatives de transport durable

Les taux d'adoption des EV urbains dans les principaux domaines métropolitains démontrent une croissance significative. En 2023, des villes comme San Francisco (38% de part de marché EV), Seattle (35%) et Los Angeles (32%) ont montré une pénétration substantielle sur les véhicules électriques.

Ville	Part de marché EV 2023	Bornes de charge publique
San Francisco	38%	2,475
Seattle	35%	1,890
Los Angeles	32%	3,210

Les jeunes générations démontrent un engagement plus fort à réduire l'empreinte carbone

Les milléniaux et la génération Z présentent une conscience environnementale accrue. Un rapport de Nielsen en 2023 indique que 73% des consommateurs âgés de 18 à 40 ans hiérarchirent la durabilité lors de la prise de décisions d'achat, en particulier dans les choix de transport.

Génération	Préférence de durabilité	Intention d'achat EV
Milléniaux	68%	45%
Gen Z	73%	52%

L'augmentation des installations de chargement de charge de travail et résidentiels reflète des attitudes sociales changeantes

Les infrastructures de chargement commerciales et résidentielles de véhicules électriques se sont considérablement augmentées. En 2023, les installations de charge de travail ont augmenté de 42%, avec 18 500 nouveaux emplacements commerciaux ajoutés à l'échelle nationale.

Type d'emplacement	2022 installations	2023 installations	Pourcentage de croissance
Lieu de travail	13,050	18,500	42%
Résidentiel	275,000	412,500	50%

Evgo, Inc. (EVGO) - Analyse du pilon: facteurs technologiques

Les progrès rapides des technologies de chargement rapide améliorent les capacités de service d'Evgo

EVGO exploite un réseau de plus de 900 stations de charge rapide DC dans 35 États à partir de 2024. La société prend en charge les vitesses de charge jusqu'à 350 kW, permettant aux véhicules électriques de facturer de 10% à 80% en environ 20-30 minutes.

Technologie de charge	Sortie	Temps de charge
Charge rapide DC	350 kW	20-30 minutes
Charge de niveau 2	19.2 kW	4-8 heures

Intégration de l'IA et de l'apprentissage automatique pour l'optimisation des performances du réseau de la station de charge

Evgo a investi 12,5 millions de dollars dans l'IA et les technologies d'apprentissage automatique en 2023 pour optimiser les performances du réseau de charges de charge et la maintenance prédictive.

Investissement technologique AI	Année	But
12,5 millions de dollars	2023	Optimisation du réseau

Les technologies de batterie émergentes réduisent potentiellement les temps de charge et augmentent l'efficacité de la station

EVGO collabore avec les développeurs de technologies de batterie pour réduire les temps de charge. Les technologies de batterie au lithium-ion actuelles prennent en charge les capacités de charge de 250 à 350 kW.

Technologie de la batterie	Vitesse de chargement	Densité énergétique
Lithium-ion	250-350 kW	250-300 wh / kg

Le développement de Smart Grid Technologies soutient une infrastructure de charge plus sophistiquée

EVGO a intégré Smart Grid Technologies dans 70% de ses bornes de charge, permettant une gestion de l'énergie en temps réel et un équilibrage de charge.

Intégration de la grille intelligente	Pourcentage de stations	Caractéristiques clés
Technologies de grille intelligente	70%	Gestion de l'énergie en temps réel

EVGO, Inc. (EVGO) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations fédérales et étatiques concernant les normes de charge des véhicules électriques

EVGO doit adhérer à plusieurs cadres réglementaires régissant l'infrastructure de charge des véhicules électriques:

Catégorie de réglementation	Normes spécifiques	Exigences de conformité
Règlements fédéraux	PROGRAMME DE FORMULATION NATIONAL INFRASTRUCTURE DE VÉHICULE ÉLECTRIQUE (NEVI)	7,5 milliards de dollars d'allocation de financement fédéral pour les infrastructures de charge EV
Normes internationales SAE	Protocoles de charge J1772 et CCS	100% compatibilité avec les connecteurs de charge standard
Mandats au niveau de l'État	Règlement du California Air Resources Board (CARB)	Minimum 15% Exigences d'infrastructure de véhicules à émission zéro

Navigation de processus d'autorisation complexe pour les installations de la station de charge

Autoriser les mesures de complexité:

• Temps de permis municipal moyen: 6-9 mois
• Coûts d'autorisation estimés par emplacement: 5 000 $ - 15 000 $
• Juridictions nécessitant des permis électriques spécialisés: 47 États

Problèmes de responsabilité potentielle liés à la sécurité et à la fiabilité des infrastructures de charge

Catégorie de responsabilité	Risque potentiel	Stratégie d'atténuation
Dysfonctionnement de l'équipement	2,3 millions de dollars exposition à la responsabilité annuelle potentielle	Programmes de garantie d'équipement complet
Sécurité électrique	Exigences de conformité NFPA 70E	Certification annuelle de sécurité tierce
Risques de cybersécurité	Coûts de violation potentiels de 4,5 millions de dollars estimés	Gestion de la sécurité de l'information ISO 27001

Protection de la propriété intellectuelle pour les technologies de charge propriétaire et la gestion des réseaux

Portfolio de propriété intellectuelle:

• Brevets actifs totaux: 37
• Demandes de brevet en instance: 22
• Dépenses de protection IP annuelles: 1,2 million de dollars

Catégorie de brevet	Nombre de brevets	Focus technologique
Charge de gestion du réseau	15 brevets	Technologies d'intégration de la grille intelligente
Conception de la station de charge	12 brevets	Infrastructure de charge modulaire
Systèmes de paiement	10 brevets	Intégration de paiement mobile

EVGO, Inc. (EVGO) - Analyse du pilon: facteurs environnementaux

Contribution directe à la réduction des émissions de carbone par l'infrastructure de charge des véhicules électriques

EVGO exploite plus de 900 stations de recharge rapide dans 35 États avec un total de 1 350 chargeurs rapides DC au 423 du quatrième trimestre.

Métrique	Valeur	Année
Stations de charge totales	900+	2023
Total des chargeurs rapides DC	1,350	2023
Les émissions de CO2 ont empêché	105 000 tonnes métriques	2023

Soutenir la transition des systèmes de transport dépendants du combustible fossile

Prise en charge du réseau de charge d'Evgo 150 000+ pilotes EV actifs, permettant une réduction significative des émissions de carbone liées au transport. L'infrastructure de la société couvre les grandes zones métropolitaines aux États-Unis, facilitant l'adoption des véhicules électriques.

Engagement envers les sources d'énergie durables et la production d'électricité renouvelable

EVGO s'est engagé à 100% d'approvisionnement en énergies renouvelables, avec un approvisionnement actuel des énergies renouvelables à 97%. La société achète des crédits d'énergie renouvelable (RECS) pour compenser la consommation d'énergie restante.

Métrique d'énergie renouvelable	Pourcentage
Approvisionnement actuel d'énergie renouvelable	97%
Achat de crédit d'énergie renouvelable (REC)	3%

Mise en œuvre des principes de l'économie circulaire dans la conception du recyclage et de la station de charge de batterie

EVGO s'associe aux sociétés de recyclage des batteries pour assurer l'élimination durable et le recyclage des batteries de véhicules électriques. Les stations de charge de l'entreprise sont conçues avec des composants modulaires pour minimiser les déchets et permettre une maintenance et des mises à niveau plus faciles.

• La conception de la station de charge modulaire réduit les déchets électroniques
• Partenariats avec des spécialistes du recyclage des batteries
• Engagement envers le développement durable des infrastructures

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.