EVgo Announces Plans To Expand North American Charging Standard Deployments
Portfolio Pulse from Benzinga Newsdesk
EVgo Inc. plans to add North American Charging Standard (NACS) connectors to its fast charging network across the US following Ford and General Motors' announcements to leverage NACS starting in 2025. This move is expected to accelerate EV adoption rates and sales, leading to throughput growth on EVgo's network.
June 12, 2023 | 7:49 pm
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EVgo's addition of NACS connectors to its fast charging network is expected to accelerate EV adoption rates and sales, leading to throughput growth on its network.
EVgo's decision to add NACS connectors to its fast charging network comes after Ford and GM announced their plans to leverage NACS starting in 2025. This move is expected to increase the compatibility of EVgo's network with a wider range of EVs, thus accelerating EV adoption rates and sales. As a result, throughput growth on EVgo's network is likely to increase, positively impacting the company's performance.
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