EVgo more than doubles its registered customers in just two years

US public fast-charging network EVgo (Nasdaq: EVGO) has reached more than 1 million registered customer accounts, doubling its 500,000 account mark in October 2022.

EVgo reports that its customer accounts have skyrocketed, increasing by 400% since April 2020. This momentum is a good indicator of growing EV adoption rates in the US and increased demand for public charging infrastructure.

During Q1 2024, utilization on the EVgo network was approximately 19% nationwide, and the gigawatt hour throughput on the network nearly tripled year-over-year compared to Q1 2023.

The Los Angeles-based company says it’s continuing to roll out features to optimize customer experience, including its plug and charge payment feature Autocharge+, which it announced was now available to more than 50 EV models in April. EVgo says total charging sessions initiated by Autocharge+ more than quadrupled in Q1 2024 compared to Q1 2023.

EVgo continues to roll out more high-power fast charging, with nearly 40% of EVgo’s stalls now powered by a 350 kW charger, an increase from 22% at the end of Q1 2023.

EVgo CEO Badar Khan said, “With 100,000 potential stalls already identified with site host partners, we look forward to serving many more drivers as we continue to grow our footprint across the US.”

Read more: Tesla drivers, EVgo is about to begin NACS deployments on its DC fast chargers

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