EVgo (Nasdaq: EVGO) will begin to deploy North American Charging Standard (NACS) connectors on its DC fast charging network this year.
The Los Angeles-based charging provider said the stations included in the rollout will serve both CCS and NACS electric vehicles. EVgo will first deploy NACS connectors in markets with “high NACS vehicle penetration” – or, in other words, areas with a lot of Tesla drivers.
The plan is, of course, to maximize charger utilization. EVgo reports that overall utilization on its network in Q1 2024 was approximately 19%, up from approximately 9% year-over-year.
Badar Khan, CEO of EVgo, said, “EVgo had previously identified more than 100,000 potential stalls with strategic site host partners, and with recent industry changes, we welcome further dialogue with our current and potential partners on how we can collaborate to deploy more fast charging infrastructure in convenient locations for drivers.”
Both Tesla and future non-Tesla NACS EVs can use EVgo’s plug-and-charge feature, Autocharge+. It’s available to over 50 EV models, including all Teslas compatible with the Tesla-made CCS adapter.
EVgo says its NACS roll-out will be “unique given the network’s proliferation of high-power 350kW chargers that require liquid-cooled cable technology.” Nearly 40% of EVgo’s stalls are currently powered by a 350kW charger – almost double the percentage a year ago.
Read more: California now has 1 EV fast charging station for every 5 gas stations
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