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EVgo Announces New Nationwide Plan Options, New Loyalty Program, and Innovative Pricing Pilot in California
Nation’s largest public fast charging network for EVs debuts kWh and time-of-use pricing in CA, new EVgo Plus™ plan and EVgo Rewards™ nationwide to deliver
About this update from Evgo Inc.
[{"type":"text","content":"\nNation’s largest public fast charging network for EVs debuts kWh and time-of-use pricing in CA, new EVgo Plus™ plan and EVgo Rewards™ nationwide to deliver more benefits for loyal EVgo Customers\n\n LOS ANGELES--(BUSINESS WIRE)--\nEVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced new pricing plans, a new loyalty program called EVgo Rewards™, and statewide kilowatt-hour (kWh) and time-of-use (TOU) pricing pilots in California. The company is also rolling out location-based pricing for customers in San Francisco and Los Angeles.\n\nNext month, the updated Member plans and the new EVgo Plus™ subscription will take effect nationwide, and EVgo’s fast chargers in California will switch from per-minute rates to kWh pricing with three time-of-use windows: early-bird (12am-8am), on-peak (4pm-9pm), and off-peak (8am-4pm and 9pm-12am).\n\nThe new EVgo Plus subscription plan unlocks deeper discounted rates and other benefits for heavy users. EVgo will be expanding the EVgo Rewards program nationwide and enrolling all active customers into the loyalty program. Drivers can earn 5 points for every dollar spent on charging sessions with EVgo, with additional opportunities to earn points towards free charging sessions. Through these new innovative benefits, the more drivers charge with EVgo, the more they can save.\n\nEVgo’s expansion of customer pricing options to suit different driving patterns is taking place as the company also accelerates growth in station deployment, expands into new geographies, maintains a 98% network uptime and a 24/7 customer service call center. By charging by the kWh with TOU and location-based pricing, drivers will pay for the energy they use at a rate that reflects the costs related to that location, local utility rates, EVgo network congestion, and time of day.\n\nEVgo has designed a pricing structure that provides flexibility and customer choice. The California TOU program is the first statewide time-of-use pricing pilot in the industry and data from this initial California rollout will help inform how EVgo implements innovative pricing in other markets in the future.\n\nEVgo’s transition to TOU rates reflects the role of EV charging in power grid load management and the importance of the EV ch...