@GM: General Motors and EVgo aim to accelerate widespread EV adoption by adding fast chargers nationwide

DETROIT and LOS ANGELES – General Motors and EVgo plan to triple the size of the nation’s largest public fast charging network by adding more than 2,700 new fast chargers over the next five years, a move set to help accelerate widespread electric vehicle adoption.

The two companies will add fast charging stations to cities and suburbs, unlocking new EV customer segments and providing increased charging access to drivers who live in multi-unit homes, rent their homes and can’t install chargers, or might not have access to workplace charging.

“We are moving quickly to bring new EVs to market that customers will love,” said Mary Barra, GM Chairman and CEO. “We know how important the charging ecosystem is for drivers, one that includes access to convenient and reliable public fast charging. Our relationship with EVgo will bolster the public fast charging network available to EV customers ahead of increased market demand and reinforce our commitment to an all-electric, zero-emissions future.”

Customers will have access to some of the fastest charging capabilities at the places they regularly frequent, like grocery stores, retail outlets, entertainment centers and other high-traffic locations. With fast charging available where people typically spend 15-30 minutes¹, customers can charge their vehicles in the time it takes to run their errands. This approach builds on the success of EVgo’s existing portfolio of more than 800 station locations across the United States, the most of any U.S. public fast charging network.

The new EVgo fast charging stations will be available to customers starting early 2021. Stations will be located in highly visible areas and most will be able to charge at least four vehicles simultaneously. Additionally, stations will feature new charging technology with 100-350-kilowatt capabilities to meet the needs of an increasingly powerful set of EVs coming to market.

In their continued commitment to reaching a zero-emissions future, the new EVgo fast chargers will be powered by 100 percent renewable energy. Both GM and EVgo have made significant investments and commitments to running on renewable energy. Earlier this year, General Motors committed to all U.S. plants running on renewable energy by 2030 and all global plants running on renewable energy by 2040. In 2019, EVgo became the first North American charging company to contract for 100 percent renewable energy to power its chargers.

General Motors and EVgo designed this new endeavor to leverage private investment alongside government grant and utility programs, as building out the necessary charging infrastructure ahead of market demands will require continued public-private partnership.

Both companies will continue working with key stakeholders to leverage new and existing public-private programs to facilitate the acceleration of the EV charging infrastructure needed to support ubiquitous EV adoption.

This EV charging announcement continues GM’s commitment to an all-electric future.

• The heart of GM’s strategy is a modular propulsion system and a highly flexible global EV platform powered by proprietary Ultium batteries, allowing the company to compete for nearly every customer in the market today, whether they are looking for affordable transportation, a luxury experience, work trucks or a high-performance machine.
• On Thursday, Aug. 6, 2020, Cadillac will reveal the luxury brand’s first fully electric vehicle, the Cadillac LYRIQ.
• Earlier this year, GM announced that the Detroit-Hamtramck assembly plant will be GM’s first plant that is 100 percent devoted to electric vehicles and in fall 2021, will start building the new GMC HUMMER EV.
• GM was the first automaker to launch a long-range, affordable EV in 2017 with the Chevrolet Bolt EV and will expand on the Bolt EV’s foundation with the introduction of the Bolt EUV in 2021. 
• In March 2020, GM announced plans to greatly expand employee workplace charging with the addition of 3,500 new plugs at GM facilities in the U.S. and Canada.
• In 2019, GM announced the creation of Ultium Cells LLC, a joint venture with LG Chem to mass-produce battery cells in Ohio for future battery-electric vehicles, and that GM is working with Qmerit to create a more accessible at-home charging solution.

¹ Actual charge times will vary based on battery condition, output of charger, vehicle settings and outside temperature.

General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com.

EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations in 66 markets across 34 states, EVgo owns and operates the most public fast charging locations in the U.S. and serves more than 200,000 customers. Founded in 2010, EVgo has been leading the way on transportation electrification, partnering with automakers, fleet and rideshare operators, retail hosts like hotels, shopping centers, gas stations, and parking lot operators, and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for all Americans to take advantage of the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo’s parent company is LS Power, a New York headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. For more information visit evgo.com and lspower.com.

Cautionary Note on Forward-Looking Statements: This press release contains forward-looking statements that represent our current judgment about possible future events. In making these statements we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors, both positive and negative. A list and description of these factors can be found in our Annual Report on Form 10-K and our subsequent filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. We undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where we are expressly required to do so by law.

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