Why faster charging could finally win over America's EV skeptics [Los Angeles Times (CA)]
EVgo Inc. (EVGO)
Company Research
Source: Los Angeles Times
US charging networks added about 11,300 ultra-fast cords last year, up 48% from 2024, according to Paren, a data platform focused on EV infrastructure. And the high-speed buildout is only accelerating: In the fourth quarter, nearly one in four new chargers were capable of pumping at rates of 250 kilowatts or more, which can typically add 100 miles of driving range in less than 10 minutes. “Rising charge rates are a significant tailwind,” said Badar Khan, chief executive officer of EVgo Inc., one of America's largest charging networks. “If the energy is going in faster, you don't actually need higher utilization.” In EVgo's two most recent quarters, utilization — a measure of how much time its chargers are occupied — dropped for the first time since the company's 2021 IPO, in part because its chargers were delivering more electricity per hour on average. The shift to speed should both delight drivers and bolster the business case for charging networks. Ultimately, faster charging
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EVGO
Earnings
- 11/10/25 - Beat
EVGO
Sec Filings
- 1/22/26 - Form 3
- 12/11/25 - Form 8-K
- 11/18/25 - Form 4
- EVGO's page on the SEC website