Evgo, Inc. (EVGO): Análise de Pestle [Jan-2025 Atualizado]

Na paisagem em rápida evolução da infraestrutura de veículos elétricos, a EVGO, Inc. fica na vanguarda de uma revolução transformadora de transporte. À medida que a demanda por mobilidade sustentável aumenta, essa rede de cobrança inovadora está navegando em um complexo ecossistema de desafios políticos, econômicos, sociológicos, tecnológicos, legais e ambientais. Ao dissecar essas dimensões críticas de pilão, revelamos a intrincada dinâmica que molda o posicionamento estratégico da EVGO em um mundo cada vez mais comprometido com a eletrificação e as soluções de transporte neutro em carbono.

Evgo, Inc. (EVGO) - Análise de Pestle: Fatores Políticos

Créditos fiscais federais e incentivos para a infraestrutura de cobrança de VE

A Lei de Redução de Inflação de 2022 fornece um Crédito tributário de 30% Para investimentos de infraestrutura de cobrança de EV, com um crédito máximo de US $ 100.000 por estação de carregamento. Esse incentivo apóia diretamente a estratégia de expansão da EVGO.

Incentivo federal	Valor	Limite máximo
Crédito fiscal de infraestrutura de EV	30%	US $ 100.000 por estação

Políticas de energia limpa em nível estadual

A Califórnia lidera o suporte de EV em nível estadual com metas ambiciosas:

• Vendas de veículos de emissão zero 100% até 2035
• US $ 10 bilhões alocados para infraestrutura de VE até 2026
• US $ 2,7 bilhões adicionais para cobrar a expansão da rede

Investimento de infraestrutura da Administração de Biden

A Lei de Investimento de Infraestrutura e Empregos US $ 7,5 bilhões especificamente para a infraestrutura de cobrança de EV. Esse financiamento federal afeta diretamente os planos de expansão nacional da EVGO.

Categoria de investimento em infraestrutura	Financiamento alocado
Implantação de rede de carregamento EV	US $ 7,5 bilhões
Target da estação de carregamento nacional de EV	500.000 estações até 2030

Cenário de política energética renovável

Principais estruturas de políticas que influenciam o planejamento estratégico da EVGO:

• O plano de energia limpo da EPA tem como alvo 80% de eletricidade limpa até 2030
• Programa de investimento em resiliência de US $ 3,5 bilhões do Departamento de Energia
• Padrões de portfólio renovável em nível estadual que exigem 50-100% de energia limpa

Evgo, Inc. (EVGO) - Análise de pilão: Fatores econômicos

Custos crescentes de combustível e interesse do consumidor em soluções de carregamento de veículos elétricos

Em janeiro de 2024, os preços médios da gasolina nos Estados Unidos custavam US $ 3,09 por galão, em comparação com US $ 3,11 em dezembro de 2023. Os custos de carregamento de veículos elétricos permanecem significativamente mais baixos, com taxas médias de eletricidade em US $ 0,14 por kWh.

Tipo de combustível	Custo por unidade	Custo médio por milha
Gasolina	US $ 3,09/galão	US $ 0,11/milha
Eletricidade	$ 0,14/kWh	US $ 0,04/milha

Capital de risco e investimento estratégico

Evgo levantou US $ 167 milhões no financiamento total em 2023, com os principais investidores, incluindo parceiros da Vision Ridge e parceiros de impacto energético.

Rodada de investimento	Valor aumentado	Ano
Série A.	US $ 39,5 milhões	2018
Transação de tubo	US $ 110 milhões	2021

Impacto potencial da recessão econômica

Q4 2023 vendas de veículos elétricos nos Estados Unidos totalizaram 80.975 unidades, representando uma participação de mercado de 1,3%, indicando potencial sensibilidade às condições econômicas.

Dinâmica da tecnologia da bateria

Os preços médios das baterias de íons de lítio diminuíram para US $ 139/kWh em 2023, comparado a US $ 157/kWh em 2022, representando uma redução de 11,5%.

Ano	Preço da bateria	Mudança de ano a ano
2022	$ 157/kWh	-6.5%
2023	US $ 139/kWh	-11.5%

Evgo, Inc. (EVGO) - Análise de pilão: Fatores sociais

A crescente consciência ambiental impulsiona a demanda do consumidor por infraestrutura de veículos elétricos

De acordo com uma pesquisa do Centro de Pesquisa Pew de 2023, 67% dos americanos consideram as mudanças climáticas uma grande ameaça, influenciando diretamente a demanda de infraestrutura de EV. O mercado de estação de carregamento de veículos elétricos deve atingir US $ 103,7 bilhões até 2030, com um CAGR de 32,7%.

Ano	Investimento de infraestrutura de cobrança de EV	Consciência ambiental do consumidor
2022	US $ 45,2 bilhões	62%
2023	US $ 58,6 bilhões	67%
2024 (projetado)	US $ 76,3 bilhões	71%

Populações urbanas mostram maior preferência por alternativas de transporte sustentável

As taxas de adoção de VE urbano nas principais áreas metropolitanas demonstram crescimento significativo. Em 2023, cidades como San Francisco (participação de mercado de 38%eV), Seattle (35%) e Los Angeles (32%) apresentaram penetração substancial de veículos elétricos.

Cidade	Participação no mercado de EV 2023	Estações de carregamento público
São Francisco	38%	2,475
Seattle	35%	1,890
Los Angeles	32%	3,210

As gerações mais jovens demonstram um compromisso mais forte em reduzir a pegada de carbono

Millennials e Gen Z exibem maior consciência ambiental. Um relatório da Nielsen de 2023 indica 73% dos consumidores de 18 a 40 anos priorizando a sustentabilidade ao tomar decisões de compra, particularmente em opções de transporte.

Geração	Preferência de sustentabilidade	Intenção de compra EV
Millennials	68%	45%
Gen Z	73%	52%

O aumento do local de trabalho e as instalações de carregamento de EV residenciais refletem mudanças de atitudes sociais

A infraestrutura de carregamento de EV comercial e residencial se expandiu significativamente. Em 2023, as instalações de carregamento no local de trabalho aumentaram 42%, com 18.500 novos locais comerciais adicionados em todo o país.

Tipo de localização	2022 Instalações	2023 Instalações	Porcentagem de crescimento
Local de trabalho	13,050	18,500	42%
residencial	275,000	412,500	50%

Evgo, Inc. (EVGO) - Análise de Pestle: Fatores tecnológicos

Avanços rápidos em tecnologias de carregamento rápido aprimoram os recursos de serviço da EVGO

O EVGO opera uma rede de mais de 900 DC em estações de carregamento rápido em 35 estados a partir de 2024. A empresa suporta velocidade de cobrança de até 350 kW, permitindo que os veículos elétricos cobrem de 10% a 80% em aproximadamente 20 a 30 minutos.

Tecnologia de cobrança	Saída de energia	Tempo de carregamento
DC Carregamento rápido	350 KW	20-30 minutos
Charagem de nível 2	19.2 KW	4-8 horas

Integração de IA e aprendizado de máquina para otimizar o desempenho da rede de estação de carregamento

A EVGO investiu US $ 12,5 milhões em tecnologias de IA e aprendizado de máquina em 2023 para otimizar o desempenho da rede de estação de carregamento e a manutenção preditiva.

Investimento em tecnologia da IA	Ano	Propósito
US $ 12,5 milhões	2023	Otimização de rede

Tecnologias emergentes de bateria potencialmente reduzem os tempos de carregamento e aumentam a eficiência da estação

O EVGO colabora com os desenvolvedores de tecnologia de baterias para reduzir os tempos de carregamento. As tecnologias atuais de bateria de íons de lítio suportam recursos de carregamento 250-350 KW.

Tecnologia da bateria	Velocidade de carregamento	Densidade energética
Ion de lítio	250-350 KW	250-300 wh/kg

O desenvolvimento de tecnologias de grade inteligente suporta infraestrutura de carregamento mais sofisticada

A EVGO integrou tecnologias de grade inteligente em 70% de suas estações de carregamento, permitindo o gerenciamento de energia em tempo real e o balanceamento de carga.

Integração de grade inteligente	Porcentagem de estações	Principais recursos
Tecnologias de grade inteligente	70%	Gerenciamento de energia em tempo real

Evgo, Inc. (EVGO) - Análise de pilão: fatores legais

Conformidade com os regulamentos federais e estaduais sobre padrões de carregamento de veículos elétricos

O EVGO deve aderir a várias estruturas regulatórias que regem a infraestrutura de carregamento de veículos elétricos:

Categoria de regulamentação	Padrões específicos	Requisitos de conformidade
Regulamentos federais	Programa Nacional de Fórmula de Infraestrutura de Veículos Elétricos (NEVI)	Alocação federal de financiamento federal de US $ 7,5 bilhões para a infraestrutura de cobrança de EV
Padrões internacionais da SAE	Protocolos de carregamento J1772 e CCS	100% compatibilidade com conectores de carregamento padrão
Mandatos em nível estadual	Regulamentos do Conselho de Recursos Aéreos da Califórnia (CARB)	Requisitos de infraestrutura de veículos em emissão zero mínima de 15%

Navegando processos de permissão complexos para carregar instalações da estação

Permitir métricas de complexidade:

• Tempo médio de permissão municipal: 6-9 meses
• Custos estimados de permissão por local: $ 5.000 - $ 15.000
• Jurisdições que requerem licenças elétricas especializadas: 47 estados

Problemas potenciais de responsabilidade relacionados à cobrança de segurança e confiabilidade da infraestrutura

Categoria de responsabilidade	Risco potencial	Estratégia de mitigação
Funcional de equipamento	US $ 2,3 milhões em potencial exposição de responsabilidade anual	Programas abrangentes de garantia de equipamentos
Segurança elétrica	Requisitos de conformidade NFPA 70E	Certificação anual de segurança de terceiros
Riscos de segurança cibernética	Estimativos US $ 4,5 milhões em potencial custos de violação	Gerenciamento de segurança da informação ISO 27001

Proteção de propriedade intelectual para tecnologias de cobrança proprietária e gerenciamento de rede

Portfólio de propriedade intelectual:

• Total de patentes ativas: 37
• Aplicações de patentes pendentes: 22
• Despesas anuais de proteção de IP: US $ 1,2 milhão

Categoria de patentes	Número de patentes	Foco em tecnologia
Carregamento de gerenciamento de rede	15 patentes	Tecnologias de integração de grade inteligentes
Design da estação de carregamento	12 patentes	Infraestrutura de carregamento modular
Sistemas de pagamento	10 patentes	Integração de pagamento móvel

Evgo, Inc. (EVGO) - Análise de Pestle: Fatores Ambientais

Contribuição direta para reduzir as emissões de carbono através da infraestrutura de carregamento de veículos elétricos

O EVGO opera mais de 900 estações de carregamento rápido em 35 estados, com um total de 1.350 DC Chargers Fast a partir do quarto trimestre 2023. A rede de cobrança da empresa suporta 100% de fontes de energia renovável, impedindo aproximadamente 105.000 toneladas de emissões de CO2 anualmente.

Métrica	Valor	Ano
Estações de carregamento total	900+	2023
Total CD Fast Chargers	1,350	2023
Emissões de CO2 impedidas	105.000 toneladas métricas	2023

Apoiar a transição de sistemas de transporte dependentes de combustível fósseis

Suportes de rede de carregamento da EVGO 150.000 mais drivers de EV ativos, permitindo uma redução significativa nas emissões de carbono relacionadas ao transporte. A infraestrutura da empresa abrange as principais áreas metropolitanas dos Estados Unidos, facilitando a adoção de veículos elétricos.

Compromisso com fontes de energia sustentável e geração de eletricidade renovável

A EVGO se comprometeu com 100% de compra de energia renovável, com o fornecimento atual de energia renovável em 97%. A empresa compra créditos de energia renovável (RECs) para compensar o consumo de energia restante.

Métrica de energia renovável	Percentagem
Suprimento de energia renovável atual	97%
Compra de crédito energético renovável (REC)	3%

Implementando princípios de economia circular na reciclagem de bateria e design da estação de carregamento

A EVGO faz parceria com empresas de reciclagem de baterias para garantir o descarte sustentável e a reciclagem de baterias de veículos elétricos. As estações de carregamento da empresa são projetadas com componentes modulares para minimizar o desperdício e permitir manutenção e atualizações mais fáceis.

• O design da estação de carregamento modular reduz os resíduos eletrônicos
• Parcerias com especialistas em reciclagem de bateria
• Compromisso com o desenvolvimento de infraestrutura sustentável

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.